10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________________________________

FORM 10-Q

________________________________________________

ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 30, 2013

¨ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from to .

Commission file number 1-16091

 ________________________________________________

POLYONE CORPORATION

(Exact name of registrant as specified in its charter)

________________________________________________

Ohio	34-1730488
(State or other jurisdiction	(I.R.S. Employer Identification No.)
of incorporation or organization)
33587 Walker Road, Avon Lake, Ohio	44012
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (440) 930-1000

________________________________________________

Former name, former address and former fiscal year, if changed since last report: Not Applicable

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ý    Yes   ¨ No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ý    Yes   ¨ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	ý	Accelerated filer	¨
Non-accelerated filer	£	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ¨  Yes   ý  No

The number of outstanding shares of the registrant’s common stock, $0.01 par value, as of October 10, 2013 was 96,240,833.

Part I — Financial Information

Item 1. Financial Statements

PolyOne Corporation

Condensed Consolidated Statements of Income (Unaudited)

(In millions, except per share data)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			Adjusted 2012			2013			Adjusted2012
Sales	$	1,008.9		$	707.7		$	2,847.6		$	2,209.8
Cost of sales	827.6			572.6			2,300.3			1,798.4
Gross margin	181.3			135.1			547.3			411.4
Selling and administrative expense	119.7			91.6			364.6			287.6
Income related to previously owned equity affiliates	—			—			0.1			0.4
Operating income	61.6			43.5			182.8			124.2
Interest expense, net	(16.0		)	(12.4		)	(48.2		)	(37.1		)
Debt extinguishment costs	(5.2		)	—			(15.8		)	—
Other expense, net	(1.6		)	(0.5		)	(1.4		)	(2.7		)
Income from continuing operations before income taxes	38.8			30.6			117.4			84.4
Income tax expense	(15.8		)	(11.2		)	(45.1		)	(31.3		)
Net income from continuing operations	23.0			19.4			72.3			53.1
Income from discontinued operations, net of income taxes	(0.2		)	4.6			146.2			15.7
Net income	$	22.8		$	24.0		$	218.5		$	68.8
Net loss attributable to noncontrolling interests	0.2			—			0.7			—
Net income attributable to PolyOne common shareholders	$	23.0		$	24.0		$	219.2		$	68.8
Earnings per common share attributable to PolyOne common shareholders - Basic:
Continuing operations	$	0.24		$	0.22		$	0.77		$	0.60
Discontinued operations	—			0.05			1.53			0.17
Total	$	0.24		$	0.27		$	2.30		$	0.77
Earnings per common share attributable to PolyOne common shareholders - Diluted:
Continuing operations	$	0.24		$	0.22		$	0.76		$	0.59
Discontinued operations	—			0.05			1.51			0.17
Total	$	0.24		$	0.27		$	2.27		$	0.76
Weighted-average shares used to compute earnings per share:
Basic	96.7			88.8			95.4			89.0
Diluted	98.1			90.2			96.4			90.1
Cash dividends declared per share of common stock	$	0.06		$	0.05		$	0.18		$	0.15

See Accompanying Notes to the Unaudited Condensed Consolidated Financial Statements.

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PolyOne Corporation

Consolidated Statements of Comprehensive Income (Unaudited)

(In millions)

	Three Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013			2012
Net income	$	22.8	$	24.0		$	218.5		$	68.8
Other comprehensive income
Translation adjustment	7.7		4.2			(3.0		)	(1.2		)
Amortization of prior service credits, net of tax	—		(2.7		)	—			(8.2		)
Total comprehensive income	30.5		25.5			215.5			59.4
Comprehensive loss attributable to noncontrolling interests	0.2		—			0.7			—
Comprehensive income attributable to PolyOne common shareholders	$	30.7	$	25.5		$	216.2		$	59.4

See Accompanying Notes to the Unaudited Condensed Consolidated Financial Statements.

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PolyOne Corporation

Condensed Consolidated Balance Sheets

(In millions)

	(Unaudited)September 30, 2013		December 31, 2012
Assets
Current assets:
Cash and cash equivalents	$	322.8	$	210.0
Accounts receivable, net	505.0		313.9
Inventories, net	341.5		244.4
Assets held-for-sale	—		39.3
Other current assets	63.4		81.1
Total current assets	1,232.7		888.7
Property, net	644.4		385.8
Goodwill	555.6		405.5
Intangible assets, net	370.8		340.0
Other non-current assets	139.6		108.0
Total assets	$	2,943.1	$	2,128.0
Liabilities and Shareholders’ Equity
Current liabilities:
Short-term and current portion of long-term debt	$	9.9	$	3.8
Accounts payable	399.9		296.1
Liabilities held-for-sale	—		18.0
Accrued expenses	185.4		141.9
Total current liabilities	595.2		459.8
Non-current liabilities:
Long-term debt	977.8		703.1
Post-retirement benefits other than pensions	15.9		17.0
Pension benefits	107.6		182.8
Deferred income taxes	140.7		31.8
Other non-current liabilities	109.3		102.1
Total non-current liabilities	1,351.3		1,036.8
Commitments and contingencies (Note 13)
Shareholders’ equity
PolyOne shareholders’ equity	994.6		629.1
Noncontrolling interests	2.0		2.3
Total equity	996.6		631.4
Total liabilities and shareholders’ equity	$	2,943.1	$	2,128.0

See Accompanying Notes to the Unaudited Condensed Consolidated Financial Statements.

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PolyOne Corporation

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In millions)

	Nine Months Ended September 30,
	2013			Adjusted 2012
Operating Activities
Net income	$	218.5		$	68.8
Adjustments to reconcile net income to net cash (used) provided by operating activities:
Depreciation and amortization	71.3			52.8
Restructuring - asset related charges	4.8			—
Debt extinguishment costs	15.8			—
Provision for doubtful accounts	0.5			0.7
Stock based compensation expense	13.2			7.8
Gain on sale of business	(223.7		)	—
Change in assets and liabilities, net of the effect of acquisitions and disposal:
Increase in accounts receivable	(50.8		)	(54.2		)
Decrease (Increase) in inventories	21.5			(14.3		)
(Decrease) Increase in accounts payable	(2.8		)	30.3
Decrease in pensions and other post-retirement benefits	(76.9		)	(30.6		)
Increase in accrued expenses and other	3.8			25.6
Net cash (used) provided by operating activities	(4.8		)	86.9
Investing Activities
Capital expenditures	(41.8		)	(33.0		)
Business acquisitions, net of cash acquired	(259.4		)	—
Proceeds from sale of businesses and other assets	274.7			18.9
Net cash used by investing activities	(26.5		)	(14.1		)
Financing Activities
Repayment of long-term debt	(341.7		)	(2.3		)
Premium on early extinguishment of long-term debt	(4.6		)	—
Proceeds from long-term debt	600.0			—
Debt financing costs	(13.0		)	—
Borrowings under credit facilities	126.2			—
Repayments under credit facilities	(117.5		)	—
Purchase of common shares for treasury	(95.7		)	(15.9		)
Exercise of stock awards	5.2			11.7
Cash dividends paid	(15.7		)	(12.5		)
Proceeds from noncontrolling interests	—			2.4
Net cash provided (used) by financing activities	143.2			(16.6		)
Effect of exchange rate changes on cash	0.9			0.6
Increase in cash and cash equivalents	112.8			56.8
Cash and cash equivalents at beginning of period	210.0			191.9
Cash and cash equivalents at end of period	$	322.8		$	248.7

See Accompanying Notes to the Unaudited Condensed Consolidated Financial Statements.

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PolyOne Corporation

Notes to Condensed Consolidated Financial Statements

(Unaudited)

Note 1 — BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with Form 10-Q instructions and in the opinion of management contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. These interim financial statements should be read in conjunction with the financial statements and accompanying notes included in the annual report on Form 10-K for the year ended December 31, 2012 of PolyOne Corporation, as updated by PolyOne's current report on Form 8-K filed August 23, 2013. Throughout this document prior period amounts have been referred to as "adjusted", which accounts for the Resin Business being classified as a discontinued operation as well as the re-organization of segment information, as discussed below.

Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be attained in subsequent periods, or for the year ending December 31, 2013.

On March 13, 2013, pursuant to the terms and conditions of the Agreement and Plan of Merger dated October 23, 2012 (Spartech Merger Agreement), PolyOne acquired Spartech Corporation (Spartech), a supplier of sustainable plastic sheet, color and engineered materials, and packaging solutions, based in Clayton, Missouri.Spartech expands PolyOne's specialty portfolio with adjacent technologies in attractive end markets where we already participate, as well as new end markets such as aerospace and security. By combining Spartech's leading market positions in sheet, rigid barrier packaging and specialty cast acrylics with PolyOne's capabilities, we believe we can better serve our customers and accelerate growth.

On May 30, 2013, PolyOne sold its vinyl dispersion, blending and suspension resin assets (Resin Business) to Mexichem Specialty Resins Inc. (Mexichem), a wholly-owned subsidiary of Mexichem, S.A.B. de C.V., for $250.0 million cash consideration, subject to a working capital adjustment that is expected to be finalized in the fourth quarter of 2013. This sale resulted in the recognition of a pre-tax gain of $223.7 million ($138.0 million net of tax), which is reflected within the Income from discontinued operations, net of income taxes line of the Condensed Consolidated Statements of Income.

Reorganization of Segment Information

As a result of the acquisition of Spartech, we created a new segment. Spartech's former Custom Sheet and Rollstock and Packaging Technology businesses are reported within this new segment referred to as "Designed Structures and Solutions", and the remaining Spartech businesses are being split among PolyOne's existing Global Specialty Engineered Materials, Global Color, Additives and Inks and Performance Products and Solutions segments.

As a result of the sale of our Resin Business, this business has been removed from the Performance Products and Solutions segment and presented as a discontinued operation. Additionally, our Specialty Coatings business, which was previously included in the Performance Products and Solutions segment, is now included within the Global Color, Additives and Inks segment. Historical segment information has been retrospectively adjusted to reflect these changes. See Note 12,Segment Information for further information.

Note 2 — BUSINESS COMBINATIONS

Spartech Corporation

On March 13, 2013, pursuant to the terms and conditions of the Spartech Merger Agreement, PolyOne acquired Spartech, a supplier of sustainable plastic sheet, color and engineered materials, and packaging solutions, based in Clayton, Missouri, with 2012 sales of $1,149.4 million and net income from continuing operations of $2.7 million.

At the effective time of the merger, each issued and outstanding share of Spartech common stock was canceled and converted into the right to receive consideration equal to $2.67 in cash and 0.3167 shares of PolyOne common stock. PolyOne paid $83.4 million in cash and issued approximately 10.0 million shares of its common stock to Spartech's stockholders. PolyOne funded the cash portion of the consideration, and the repayment of certain

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portions of Spartech's debt, with a portion of the net proceeds of its issuance of 5.25% senior notes due 2023, discussed in Note 11,Financing Arrangements.

PolyOne's management believes that the acquisition of Spartech will provide substantial synergies through enhanced operational cost efficiencies and will expand PolyOne's specialty portfolio. By combining Spartech's leading market positions in sheet, rigid barrier packaging and specialty cast acrylics with PolyOne's capabilities, we believe that we can better serve our customers and accelerate growth.

Spartech's results have been reflected within our Condensed Consolidated Statements of Income and within our newly created segment Designed Structures and Solutions, as well as our existing Global Specialty Engineered Materials, Global Color, Additives and Inks and Performance Products and Solutions segments since the date of acquisition. Sales of former Spartech businesses included in our three and nine months ended September 30, 2013 results were $260.8 million and $593.0 million, respectively.

Based on the closing price of PolyOne's common stock on March 13, 2013, the purchase price was comprised of the following:

(In millions, except stock price and share data)
Spartech shares outstanding	31.2
Spartech restricted stock units	0.2
Spartech shares converted	31.4
Exchange ratio	0.3167
PolyOne shares issued	10.0
PolyOne closing stock price on March 13, 2013	$	25.05
Total value of PolyOne shares issued	$	249.9
Cash consideration transferred to Spartech shareholders	83.4
Fair value of Spartech equity awards, net of deferred tax benefits (1)	2.4
Total consideration transferred to Spartech equity holders	335.7
Spartech revolving credit facilities repaid at close (2)	77.2
Spartech senior notes repaid at close  (2)	102.3
Total consideration transferred to debt and equity holders	515.2
Cash acquired	(4.1		)
Total consideration transferred to debt and equity holders, net of cash acquired	$	511.1

(1) In accordance with ASC 718, Compensation — Stock Compensation, the fair value of replacement awards attributable to pre-combination service is recognized as part of purchase consideration. The $2.4 million represents the fair value of Spartech replacement equity awards of $3.9 million net of deferred tax benefits of $1.5 million. The fair value of awards attributable to post-combination service amounted to $2.7 million and are being recognized as stock compensation over their requisite service periods within PolyOne's Condensed Consolidated Statements of Income.

(2) In accordance with the provisions of Spartech's 7.08% senior notes due 2016 and revolving credit facilities, at the time of closing, PolyOne repaid all borrowings under Spartech's revolving credit facilities, which amounted to $77.2 million. Additionally, PolyOne repaid $102.3 million related to Spartech's 7.08% senior notes due 2016, including $88.9 million of aggregated principal, $10.3 million make-whole provisions, and $3.1 million of interest payable.

The acquisition of Spartech has been accounted for using the acquisition method of accounting, which requires, among other things, the assets acquired and liabilities assumed be recognized at their respective fair values as of the acquisition date. During the third quarter of 2013, we continued to refine our preliminary purchase price allocation, which resulted in a net increase to goodwill of $5.5 million. As of September 30, 2013, the purchase price allocation remains preliminary as we complete our assessment of certain reserves including environmental, legal and tax matters, as well as an assessment of deferred income taxes.

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The following table summarizes PolyOne's preliminary fair value estimates as of September 30, 2013:

(In millions)	Preliminary Allocation
Accounts receivable, net	$	139.5
Inventories, net	118.3
Other current assets	17.4
Property, net	280.5
Other non-current assets	20.2
Intangible assets, net	44.6
Goodwill	148.2
Total assets acquired	768.7
Short-term and current portion of long-term debt	0.5
Accounts payable	105.2
Accrued expenses	42.9
Long-term debt	11.0
Other non-current liabilities	98.0
Total liabilities assumed	257.6
Net assets acquired	$	511.1

Goodwill is calculated as the excess of the consideration transferred over the assets acquired, and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Goodwill has been allocated, on a preliminary basis, to the Designed Structures and Solutions, Global Color, Additives and Inks, Global Specialty Engineered Materials and Performance Products and Solutions segments. Goodwill recognized as a result of this acquisition is not deductible for tax purposes. SeeNote 4,Goodwill and Intangible Assets for information about goodwill and intangible assets.

The following unaudited pro forma information presents a summary of PolyOne's Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2013 and 2012, which includes Spartech's Statement of Operations for the respective periods, as if the acquisition and related financing occurred on January 1, 2012. Spartech's fiscal year ends on the Saturday closest to October 31, and as a result, the nine months ended September 30, 2012 includes an additional week in comparison to the nine months ended September 30, 2013. The following pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transaction occurred on the assumed date, nor is it necessarily an indication of trends in future results for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma information, cost savings from operating efficiencies, potential synergies, and the impact of incremental costs incurred in integrating the businesses.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	Actual 2013		Pro Forma 2012		Pro Forma 2013		Pro Forma 2012
Sales	$	1,008.9	$	989.5	$	3,065.6	$	3,069.7
Net income from continuing operations	$	23.0	$	21.4	$	73.8	$	57.9

The unaudited pro forma financial information presented in the table above has been adjusted to give effect to adjustments that are: (1) directly related to the business combination; (2) factually supportable; and (3) expected to have a continuing impact. These adjustments include, but are not limited to, depreciation and amortization related to fair value adjustments to property, plant and equipment and intangible assets, and interest expense on acquisition-related debt.

Other Acquisitions

On December 19, 2012, PolyOne acquired all of the outstanding equity of Glasforms Inc. (Glasforms), a leading manufacturer of glass and carbon fiber reinforced polymers and advanced composite products, with 2012 annual sales of $51.1 million. The purchase marks PolyOne's entry into advanced composites, an adjacent technology consistent with the Company's strategy of providing specialty solutions that deliver high value to customers.

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Consideration transferred was $34.3 million, net of cash acquired of $1.2 million. Glasforms results are reflected within our Global Specialty Engineered Materials segment. On a preliminary basis, the acquisition resulted in goodwill of $12.8 million and $10.7 million of identifiable intangible assets. The purchase price allocation will be finalized during 2013 as we complete our assessment of certain reserves and deferred income taxes.  

During the nine months ended September 30, 2013, we incurred $7.2 million of acquisition-related costs primarily associated with the Spartech acquisition, which are included within the Selling and administrative expense line in our Condensed Consolidated Statements of Income.

Note 3 — DISCONTINUED OPERATIONS

On May 30, 2013, PolyOne sold its Resin Business to Mexichem for $250.0 million cash consideration, subject to a working capital adjustment that is expected to be finalized in the fourth quarter of 2013. We do not expect the working capital adjustment to have a material impact on our financial statements. This sale resulted in the recognition of a pre-tax gain of $223.7 million ($138.0 million net of tax), which is reflected within the Income from discontinued operations, net of income taxes line of the Condensed Consolidated Statements of Income.

PolyOne has classified the Resin Business assets and liabilities as held-for-sale for periods prior to disposition in the accompanying Condensed Consolidated Balance Sheets and has classified the Resin Business operating results and the gain on sale, net of tax, as discontinued operations in the accompanying Condensed Consolidated Statements of Income for all periods presented. Previously, the Resin Business was included in the Performance Products and Solutions segment. The Resin Business' sales, income before income taxes and income from discontinued operations, net of income taxes were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2013			2012			2013*			2012
Sales	$	—		$	32.5		$	55.3		$	103.5
Gain on sale	$	0.1		$	—		$	223.7		$	—
Income from operations	—			7.0			12.2			24.2
Income before taxes	0.1			7.0			235.9			24.2
Income tax expense	(0.3		)	(2.4		)	(89.7		)	(8.5		)
Income from discontinued operations, net of income taxes	$	(0.2	)	$	4.6		$	146.2		$	15.7

* Includes the Resin Business' operating results through May 29, 2013.

The following table summarizes the assets and liabilities of the Resin Business as of December 31, 2012:

(In millions)	December 31, 2012
Assets:
Accounts receivable, net	$	8.8
Inventories, net	8.2
Property, net	21.7
Other assets	0.6
Assets held-for-sale	$	39.3
Liabilities:
Accounts payable	$	15.8
Accrued expenses	2.2
Liabilities held-for-sale	$	18.0

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Note 4 — GOODWILL AND INTANGIBLE ASSETS

Goodwill as of and for the periods ended September 30, 2013 and December 31, 2012, and changes in the carrying amount of goodwill by operating segments were as follows:

(In millions)	Global  Specialty Engineered Materials			Global Color, Additives and Inks		Designed Structures and Solutions		Performance Products  and Solutions		PolyOne Distribution		Total
Balance December 31, 2011	$	89.2		$	297.3	$	—	$	7.4	$	1.6	$	395.5
Acquisitions of businesses	10.0			0.6		—		—		—		10.6
Currency translation	(0.6		)	—		—		—		—		(0.6		)
Balance December 31, 2012	98.6			297.9		—		7.4		1.6		405.5
Acquisitions of businesses	4.3			12.8		131.8		1.5		—		150.4
Currency translation	(0.3		)	—		—		—		—		(0.3		)
Balance September 30, 2013	$	102.6		$	310.7	$	131.8	$	8.9	$	1.6	$	555.6

Indefinite and finite-lived intangible assets consisted of the following:

	As of September 30, 2013
(In millions)	Acquisition Cost		Accumulated Amortization			Currency Translation		Net
Customer relationships	$	190.4	$	(32.0	)	$	0.3	$	158.7
Sales contracts	11.4		(10.8		)	—		0.6
Patents, technology and other	128.5		(16.8		)	0.1		111.8
Indefinite-lived trade names	96.3		—			—		96.3
In-process research and development	3.4		—			—		3.4
Total	$	430.0	$	(59.6	)	$	0.4	$	370.8

	As of December 31, 2012
(In millions)	Acquisition Cost		Accumulated Amortization			Currency Translation		Net
Customer relationships	$	173.1	$	(25.7	)	$	0.5	$	147.9
Sales contracts	11.4		(10.8		)	—		0.6
Patents, technology and other	89.3		(10.1		)	0.1		79.3
Indefinite-lived trade names	96.3		—			—		96.3
In-process research and development	15.9		—			—		15.9
Total	$	386.0	$	(46.6	)	$	0.6	$	340.0

The fair values of intangible assets acquired in the Spartech acquisition included in the table below were determined using an income valuation approach. The fair value of these identifiable intangible assets, useful lives and valuation methodology are as follows:

(In millions)	Fair Value		Useful Life	Valuation Method
Technology	$	27.3	7 years	Relief-from royalty
Customer Relationships	17.3		20 years	Multi-period excess earnings
	$	44.6

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Note 5 — EMPLOYEE SEPARATION AND PLANT PHASE-OUT COSTS

On July 10, 2013, PolyOne determined it would close six former Spartech North American manufacturing facilities acquired in the March 2013 acquisition, and relocate production to other PolyOne facilities over the next 12 to 18 months. These actions are expected to be completed by the end of 2014. The manufacturing facilities’ closings are part of the Company’s ongoing integration of Spartech. This North American realignment is designed to enable the Company to better serve customers, improve efficiency and deliver a portion of the anticipated synergy-related cost savings in connection with the Spartech acquisition.

The Company anticipates that it will incur approximately $35.0 million of charges in connection with this realignment, which are comprised of approximately $20.0 million of cash charges, primarily related to employee severance and plant exit costs, and approximately $15.0 million of non-cash charges, primarily related to accelerated depreciation. In the third quarter of 2013, we have incurred $1.8 million of cash related charges and $1.8 million of non-cash related charges under the North American realignment plan.

Since the date of the acquisition through September 30, 2013, PolyOne has incurred severance charges totaling $11.6 million, including $1.8 million from the North American realignment, and $9.8 million primarily related to former Spartech executives and other former Corporate employees. Asset-related charges and other ongoing costs totaling $6.9 million were recognized since the date of acquisition through September 30, 2013, including $1.8 million related to the North American realignment, and $5.1 million primarily related to asset rationalization at other former Spartech locations, in addition to costs incurred under previously announced Spartech restructuring plans that were underway prior to PolyOne's acquisition of Spartech.

The table below summarizes restructuring activity related to Spartech since the date of acquisition.

(In millions)	Long-Lived Asset Charges			Employee Separation			Other Costs			Total
Accrual balance at December 31, 2012	$	—		$	—		$	—		$	—
Charge to expense	4.8			11.6			2.1			18.5
Cash payments	—			(3.1		)	(2.1		)	(5.2		)
Non-cash utilization	(4.8		)	—			—			(4.8		)
Accrual balance at September 30, 2013	$	—		$	8.5		$	—		$	8.5

In addition to the $18.5 million of Spartech related charges incurred since the date of acquisition, in the nine months ended September 30, 2013, we incurred $5.2 million of restructuring charges related to other actions to realign production capacities and improve return on invested capital. Total restructuring charges of $23.7 million included $4.8 million that were recognized within Cost of goods sold and $18.9 million that were recognized in Selling and administrative expenses within the Condensed Consolidated Statements of Income and Corporate and eliminations within segment disclosures for the nine months ended September 30, 2013.

During the second quarter of 2012, the Company undertook actions to realign production capacities and improve return on invested capital. These actions were primarily in response to weak demand in Europe. These actions resulted in charges of $1.3 million and $10.5 million related to plant closure costs and reductions in force for the three and nine months ended September 30, 2012. These costs were primarily recognized within Selling and administrative expense in our Condensed Consolidated Statements of Income and within Corporate and eliminations in segment disclosures.

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Note 6 — INVENTORIES, NET

Components of Inventories, net are as follows:

(In millions)	September 30, 2013		December 31, 2012
At FIFO cost:
Finished products	$	198.0	$	165.0
Work in process	4.1		2.4
Raw materials and supplies	139.4		77.0
Inventories, net	$	341.5	$	244.4

Note 7 — PROPERTY, NET

Components of Property, net are as follows:

(In millions)	September 30, 2013			December 31, 2012
Land and land improvements	$	52.7		$	34.7
Buildings	315.0			241.4
Machinery and equipment	1,066.6			844.5
Property, gross	1,434.3			1,120.6
Less accumulated depreciation and amortization	(789.9		)	(734.8		)
Property, net	$	644.4		$	385.8

Note 8 — INCOME TAXES

Income tax expense from continuing operations was $15.8 million for the third quarter of 2013 compared to $11.2 million in the third quarter of 2012. Income tax expense from continuing operations was $45.1 million for the nine months ended September 30, 2013 compared to $31.3 million for the nine months ended September 30, 2012. These income tax increases were driven primarily by increased earnings in 2013, with a shift in earnings to the United States driven by the acquisitions of Spartech and Glasforms, which have earnings primarily in the United States.

Note 9 — WEIGHTED-AVERAGE SHARES USED IN COMPUTING EARNINGS PER SHARE 

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2013	2012	2013	2012
Weighted-average shares outstanding – basic	96.7	88.8	95.4	89.0
Plus dilutive impact of stock options and awards	1.4	1.4	1.0	1.1
Weighted-average shares – diluted	98.1	90.2	96.4	90.1

For the three months ended September 30, 2013 and 2012, 0.2 million and 0.5 million of equity-based awards, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

For the nine months ended September 30, 2013 and 2012, 0.6 million and 1.0 million of equity-based awards, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

During the first quarter of 2013, 0.5 million stock appreciation rights were granted under the PolyOne Corporation 2010 Equity and Performance Incentive Plan. These awards vest in one-third increments annually over a three-year service period and upon the achievement of certain stock price targets. Because not all market conditions were met as of September 30, 2013, 0.2 million of the awards were excluded from the calculation of earnings per share.

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Note 10 — EMPLOYEE BENEFIT PLANS

Components of defined benefit pension plan (gains) costs are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2013			2012			2013			2012
Service cost	$	0.4		$	0.3		$	1.2		$	1.1
Interest cost	5.9			6.7			17.7			20.1
Expected return on plan assets	(9.3		)	(6.9		)	(27.9		)	(20.7		)
Net periodic benefit (gains) costs	$	(3.0	)	$	0.1		$	(9.0	)	$	0.5

Components of post-retirement health care plan benefit costs (gains) are as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
(In millions)	2013		2012			2013		2012
Interest cost	$	0.2	$	0.2		$	0.6	$	0.7
Amortization of prior service costs	—		(4.4		)	—		(13.1		)
Net periodic benefit costs (gains)	$	0.2	$	(4.2	)	$	0.6	$	(12.4	)

Note 11 — FINANCING ARRANGEMENTS

Debt consists of the following instruments:

(Dollars in millions)	September 30, 2013		December 31, 2012 (1)
7.500% debentures due 2015	$	48.7	$	50.0
Senior secured term loan due 2017	—		294.5
7.375% senior notes due 2020	316.6		360.0
5.250% senior notes due 2023	600.0		—
Other debt	22.4		2.4
Total long-term debt	987.7		706.9
Less current portion	9.9		3.8
Total long-term debt, net of current portion	$	977.8	$	703.1

(1) Book values include unamortized discounts, as applicable.

During the third quarter of 2013, we repurchased $43.4 million aggregate principal amount of our 7.375% senior notes due 2020 and $1.3 million aggregate principal amount of our 7.50% debentures due 2015. We recognized $5.2 million of debt extinguishment costs within the Debt extinguishment costs line in our Condensed Consolidated Statements of Income in the third quarter of 2013, in connection with such repurchases.

On February 28, 2013, PolyOne issued $600.0 million aggregate principal amount of senior notes, which mature on March 15, 2023. The senior notes bear an interest rate of 5.25% per year, payable semi-annually, in arrears, on March 15 and September 15 of each year, which commenced on September 15, 2013.We used a portion of the net proceeds of the offering to pay the cash portion of the Spartech acquisition, and to repay certain Spartech debt, including the $88.9 million aggregate principal amount of its senior notes due 2016 and related interest and make-whole payments totaling $13.4 million and all outstanding amounts under its revolving credit facility. We also used a portion of these net proceeds to make a voluntary $50.0 million contribution to our U.S. qualified defined benefit plan and to repay the outstanding principal amount of $297.0 million under our senior secured term loan.

Debt extinguishment costs of $10.6 million related to the early retirement of our senior secured term loan included $8.2 million of deferred financing cost write-offs and $2.4 million of discount write-offs. These costs are presented within the Debt extinguishment costs line in our Condensed Consolidated Statements of Income. As a result of the issuance of our 2023 senior notes, the bridge financing commitment that provided for borrowings of $250.0 million obtained at the time of the announced acquisition of Spartech expired. We recognized $1.9 million of deferred financing costs within Interest expense, net within the Condensed Consolidated Statements of Income in the first quarter of 2013, related to this committed financing arrangement.

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On March 1, 2013, the agreement governing our $300.0 millionfive-year senior secured revolving credit facility was amended and restated. The amendment and restatement resulted in an increase in commitments of $100.0 million for a maximum borrowing facility size of $400.0 million, subject to a borrowing base with advances against certain U.S. and Canadian accounts receivable and inventory. We have the option to increase the availability under the facility to $450.0 million, subject to meeting certain requirements and obtaining commitments for such increase. In connection with the amendment and restatement, we also extended the maturity date to March 1, 2018. As of September 30, 2013, we were in compliance with all covenants, had no outstanding borrowings and had availability of $307.8 million under this facility.

On October 2, 2012, the Company entered into a credit line with Saudi Hollandi Bank for $10.7 million, with an interest rate equal to the Saudi Arabia Interbank Offered Rate (SAIBOR) plus a fixed rate of 0.85%. The credit line is being used to fund capital expenditures related to the manufacturing facility in Jeddah, Saudi Arabia and is subject to an annual renewal. In 2013, the Company renewed the credit line with Saudi Hollandi Bank. As of September 30, 2013, borrowings under the credit line were $9.1 million with an interest rate of 1.85%.

Note 12 — SEGMENT INFORMATION

As a result of the acquisition of Spartech, we created a new segment. Spartech's former Custom Sheet and Rollstock and Packaging Technology businesses are reported within this new segment referred to as "Designed Structures and Solutions", and the remaining Spartech businesses are being split among PolyOne's existing Global Specialty Engineered Materials, Global Color, Additives and Inks and Performance Products and Solutions segments.

As a result of the sale of our Resin Business, this business has been removed from the Performance Products and Solutions segment and presented as a discontinued operation. Additionally, our Specialty Coatings business, which was previously included in the Performance Products and Solutions segment, is now included within the Global Color, Additives and Inks segment. Historical segment information has been retrospectively adjusted to reflect these changes.

Segment information for the three and nine months endedSeptember 30, 2013 and 2012 is as follows:

	Three Months Ended September 30, 2013								Adjusted Three Months Ended September 30, 2012
(In millions)	Sales to External Customers		Total Sales			Operating Income			Sales to External Customers		Total Sales			Operating Income
Global Specialty Engineered Materials	$	177.4	$	188.8		$	15.7		$	126.9	$	136.6		$	13.1
Global Color, Additives and Inks	216.4		219.0			28.7			190.5		191.1			18.6
Designed Structures and Solutions	187.4		187.8			10.9			—		—			—
Performance Products and Solutions	155.2		176.1			14.3			137.5		156.3			12.3
PolyOne Distribution	272.5		275.0			16.6			252.8		254.4			16.4
Corporate and eliminations	—		(37.8		)	(24.6		)	—		(30.7		)	(16.9		)
Total	$	1,008.9	$	1,008.9		$	61.6		$	707.7	$	707.7		$	43.5

	Nine Months Ended September 30, 2013								Adjusted Nine Months Ended September 30, 2012
(In millions)	Sales to External Customers		Total Sales			Operating Income			Sales to External Customers		Total Sales			Operating Income
Global Specialty Engineered Materials	$	507.1	$	540.8		$	48.2		$	385.0	$	417.5		$	37.7
Global Color, Additives and Inks	648.9		653.7			83.4			603.4		605.0			62.6
Designed Structures and Solutions	427.1		428.2			21.4			—		—			—
Performance Products and Solutions	452.8		512.8			41.8			437.8		492.3			31.6
PolyOne Distribution	811.7		818.1			49.7			783.6		788.0			49.8
Corporate and eliminations	—		(106.0		)	(61.7		)	—		(93.0		)	(57.5		)
Total	$	2,847.6	$	2,847.6		$	182.8		$	2,209.8	$	2,209.8		$	124.2

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	Total Assets
(In millions)	September 30, 2013		December 31, 2012
Global Specialty Engineered Materials	$	476.9	$	396.6
Global Color, Additives and Inks	963.2		901.7
Designed Structures and Solutions	556.9		—
Performance Products and Solutions	237.2		205.4
PolyOne Distribution	225.4		212.9
Corporate and eliminations	483.5		411.4
Total assets	$	2,943.1	$	2,128.0

Note 13 — COMMITMENTS AND CONTINGENCIES

Environmental — We or our subsidiaries have been notified by federal and state environmental agencies and by private parties that we may be a potentially responsible party (PRP) in connection with the investigation and remediation of certain environmental waste disposal sites. While government agencies frequently assert that PRPs are jointly and severally liable at these sites, in our experience, the interim and final allocations of liability costs are generally made based on the relative contribution of waste. We initiate corrective and preventive environmental projects of our own to ensure safe and lawful activities at our operations. We believe that compliance with current governmental regulations at all levels will not have a material adverse effect on our financial condition.

In September 2007, we were informed of rulings by the United States District Court for the Western District of Kentucky on several pending motions in the case of Westlake Vinyls, Inc. v. Goodrich Corporation, et al., which had been pending since 2003. The Court held that PolyOne must pay the remediation costs at the former Goodrich Corporation (now Westlake Vinyls, Inc.), Calvert City facility, together with certain defense costs of Goodrich Corporation. The rulings also provided that PolyOne can seek indemnification for contamination attributable to Westlake Vinyls.

The environmental obligation at the site arose as a result of an agreement between The B.F.Goodrich Company (nka Goodrich Corporation) and our predecessor, The Geon Company, at the time of the initial public offering in 1993, by which the Geon Company became a public company, to indemnify Goodrich Corporation for environmental costs at the site. At the time, neither PolyOne nor The Geon Company ever owned or operated the facility. Following the Court rulings, the parties to the litigation entered into settlement negotiations and agreed to settle all claims regarding past environmental costs incurred at the site. These same Court rulings and the settlement agreement provide a mechanism to allocate future remediation costs at the Calvert City facility to Westlake Vinyls, Inc. We will adjust our environmental reserve in the future, consistent with any such future allocation of costs.

A remedial investigation and feasibility study is underway at Calvert City. During the third quarter of 2013, we submitted a remedial investigation report to the United States Environmental Protection Agency (USEPA). USEPA has required certain changes to the remedial investigation report, and revisions are ongoing. We have since undertaken steps to develop a feasibility study, including engaging a third party to perform ground water modeling at this site. We believe the results of the ongoing ground water model will allow us to begin developing remedial alternatives. As of September 30, 2013, we cannot reasonably estimate an adjustment to our current reserves because the remediation alternatives have not yet advanced to a stage where a reasonable estimate can be made. As such, it is reasonably possible that a future adjustment may have a material adverse impact to our Condensed Consolidated Statements of Income.

On March 13, 2013, PolyOne acquired Spartech. One of Spartech's subsidiaries, Franklin-Burlington Plastics, Inc. (Franklin-Burlington), operated a plastic resin manufacturing facility in Kearny, New Jersey, located adjacent to the Lower Passaic River. Spartech acquired the owner of this facility, Franklin Plastics Corp., in a 1986 stock transaction, and Franklin Plastics Corp. subsequently became Franklin-Burlington. The USEPA has requested that companies located in the area of the Lower Passaic River, including Franklin-Burlington, cooperate in an investigation of contamination of the Lower Passaic River. In response, Franklin-Burlington and approximately 70 other companies (collectively, the Cooperating Parties) agreed, pursuant to an Administrative Order of Consent with the USEPA, to assume responsibility for completing a remedial investigation/feasibility study (RIFS) of the Lower Passaic River. The RIFS costs are exclusive of any costs that may ultimately be required to remediate the Lower Passaic River area being studied or costs associated with natural resource damages that may be assessed. By agreeing to bear a portion of the cost of the RIFS, Franklin-Burlington did not admit to or agree to bear any such

15

remediation or natural resource damage costs. The USEPA continues to evaluate the remedial options, and the scope and cost of any remedial activity has not yet been determined.

Given the uncertainties related to the Lower Passaic River, including the fact that the final remedial actions and scope, and the ultimate allocation to Franklin-Burlington have not yet been determined, we are not able to assess or estimate our liability, if any, related to this matter.

During the nine months endedSeptember 30, 2013 and 2012, PolyOne recognized $8.6 million and $9.7 million, respectively, of expense related to environmental activities at all of our active and inactive sites. During the nine months endedSeptember 30, 2013, we received $20.1 million of proceeds from insurance recoveries compared to less than $0.1 million during the nine months endedSeptember 30, 2012. These expenses and the gains associated with these reimbursements are included within Cost of sales within our Condensed Consolidated Statements of Income.

Based on estimates that were prepared by our environmental engineers and consultants, our reserve balance was $76.5 million at September 30, 2013 and $75.4 million at December 31, 2012, for probable future environmental expenditures related to previously contaminated sites. The accruals represent our best estimate of the remaining probable remediation costs, based upon information and technology that is currently available and our view of the most likely remedy. Depending upon the results of future testing, the ultimate remediation alternatives undertaken, changes in regulations, new information, newly discovered conditions and other factors, it is reasonably possible that we could incur additional costs in excess of the amount accrued at September 30, 2013. However, such additional costs, if any, cannot presently be estimated.

Other legal matters — In the third quarter of 2013, we received $7.0 million in connection with the resolution of commercial litigation in which we had an interest. We recognized this gain within the Selling and administrative expense line within our Condensed Consolidated Statements of Income in the three months ended September 30, 2013.  

Litigation Related to the Merger with Spartech — On March 5, 2013, counsel for the parties in the lawsuits entered into a memorandum of understanding, in which they agreed on the terms of a settlement of the In re Spartech Corporation Shareholder Litigation, including dismissal with prejudice and a release of all claims made therein against all defendants. Defendants agreed to the terms of the proposed settlement in order to avoid the substantial burden, expense, risk, inconvenience, and distraction of continued litigation, including the risk of delaying or adversely affecting the merger. On October 22, 2013, the parties entered into a stipulation of settlement. The proposed settlement remains conditioned upon, among other things, final approval of the proposed settlement by the Circuit Court of St. Louis County, Missouri. There can be no assurance that the court will approve the settlement, or that the settlement conditions will be met. PolyOne is insured with respect to these lawsuits.

Guarantee — On February 28, 2011, we sold our 50% equity interest in SunBelt Chlor Alkali Partnership (SunBelt) to Olin Corporation (Olin) for $132.3 million in cash and the assumption by Olin of the obligations under our guarantee of senior secured notes issued by SunBelt of $42.7 million at the time of sale, and $30.5 million as of September 30, 2013. Unless the guarantee is formally assigned to Olin, we remain obligated under the guarantee, although Olin has agreed to indemnify us for amounts that we may be obligated to pay under the guarantee.

Note 14 — FAIR VALUE

Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to satisfy a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a fair value hierarchy is established, which categorizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

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Financial instruments accounted for at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 are as follows:

	September 30, 2013
(In millions)	Total		Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Unobservable inputs (Level 3)
Cash and cash equivalents	$	322.8	$	322.8	$	—	$	—
Foreign currency forwards	—		—		—		—
Foreign currency options	—		—		—		—

	December 31, 2012
(In millions)	Total		Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Unobservable inputs (Level 3)
Cash and cash equivalents	$	210.0	$	210.0	$	—	$	—
Foreign currency forwards	—		—		—		—
Foreign currency options	0.6		—		0.6		—

The fair value of derivative instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and spot and forward foreign currency rates as well as option volatility and non-performance risk.

Other Fair Value Measurements

The estimated fair value of PolyOne’s debt instruments at September 30, 2013 and December 31, 2012 was $983.7 million and $741.0 million, respectively, compared to carrying values of $987.7 million and $706.9 million as of September 30, 2013 and December 31, 2012, respectively. The fair value of PolyOne’s debt instruments primarily represent Level 1 measurements within the fair value hierarchy.

Note 15 — DERIVATIVE INSTRUMENTS

When translating results from foreign operations into U.S. dollars, we are subject to foreign exchange related risks in our operating results. We are also exposed to foreign exchange risk arising from intercompany lending transactions denominated in various foreign currencies that are subject to foreign exchange rate movement over the term of the loans. To mitigate these risks, we enter into foreign exchange option and forward contracts. The counterparties to these instruments are financial institutions with strong credit ratings. PolyOne maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit ratings of these institutions.

Derivative financial instruments are accounted for at fair value and recognized as assets or liabilities in the Condensed Consolidated Balance Sheets. These instruments are not designated as a hedge, and therefore, any gain or loss is immediately recognized in income.

The fair value of derivative financial instruments recorded in the Condensed Consolidated Balance Sheets are as follows:

	September 30, 2013
(In millions)	Notional		Other current assets
Foreign currency options	$	6.8	$	—
Foreign currency forwards	13.0		—
Total			$	—

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	December 31, 2012
(In millions)	Notional		Other current assets
Foreign currency options	$	31.2	$	0.6
Foreign currency forwards	13.8		—
Total			$	0.6

The effects of derivative instruments on our Condensed Consolidated Statements of Income are as follows:

	Three Months Ended September 30,
(In millions)	2013			2012			Location
Foreign currency options losses	$	(0.2	)	$	(0.7	)	Selling and administrative expense
Foreign currency forwards losses	(0.5		)	(0.2		)	Other expense, net

	Nine Months Ended September 30,
(In millions)	2013			2012			Location
Foreign currency options losses	$	(0.4	)	$	(0.6	)	Selling and administrative expense
Foreign currency forwards - gains	0.1			—			Other expense, net

Note 16 — EQUITY

Changes in equity for the nine months ended September 30, 2013 and September 30, 2012 are as follows:

(In millions)	PolyOne Shareholders' Equity			Noncontrolling Interests			Total Equity
Balance at December 31, 2012	$	629.1		$	2.3		$	631.4
Net income	219.2			(0.7		)	218.5
Other comprehensive income
Translation adjustment	(3.0		)	—			(3.0		)
Total comprehensive income	216.2			(0.7		)	215.5
Cash dividend declared	(16.9		)	—			(16.9		)
Issuance of common shares in connection to the Spartech acquisition	253.8			—			253.8
Repurchase of common shares	(95.7		)	—			(95.7		)
Stock incentive plan activity	8.1			—			8.1
Noncontrolling interest activity	—			0.4			0.4
Balance at September 30, 2013	$	994.6		$	2.0		$	996.6
Balance at December 31, 2011	$	588.3		$	—		$	588.3
Net income	68.8			—			68.8
Other comprehensive income
Translation adjustment	(1.2		)	—			(1.2		)
Amortization of prior service credits, net of $4.9 tax	(8.2		)	—			(8.2		)
Total comprehensive income	59.4			—			59.4
Cash dividend declared	(13.3		)	—			(13.3		)
Repurchase of common shares	(15.9		)	—			(15.9		)
Stock incentive plan activity	10.8			—			10.8
Noncontrolling interest activity	—			2.4			2.4
Balance at September 30, 2012	$	629.3		$	2.4		$	631.7

On October 23, 2012, PolyOne's Board of Directors further increased the common stock repurchase authorization amount by 13.2 million shares of common stock to 20.0 million. During 2013, we repurchased approximately 3.8 million shares of common stock at an aggregate price of $95.7 million. As of September 30, 2013, there were approximately 16.2 million shares available for repurchase under these authorizations.

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Effective January 1, 2013, the Company adopted recently issued accounting guidance that requires the Company to separately disclose, on a prospective basis, the change in each component of other comprehensive income (loss) relating to reclassification adjustments to current period other comprehensive income (loss). As the new guidance relates to presentation only, the adoption did not have a material impact on the Company's results of operations, financial position or cash flows. Further, for the nine-month period ended September 30, 2013, there were no reclassifications from accumulated other comprehensive loss to other comprehensive income.

Changes in accumulated other comprehensive loss year-to-date as of September 30, 2013 and 2012 were as follows:

(In millions)	Cumulative Translation Adjustment			Pension and Other Post-Retirement Benefits			Unrealized Gain in Available-for-Sale Securities		Total
Balance at January 1, 2013	$	(16.5	)	$	5.2		$	0.2	$	(11.1	)
Translation adjustments	(3.0		)	—			—		(3.0		)
Balance at September 30, 2013	$	(19.5	)	$	5.2		$	0.2	$	(14.1	)
Balance at January 1, 2012	$	(17.6	)	$	16.1		$	0.2	$	(1.3	)
Translation adjustments	(1.2		)	—			—		(1.2		)
Prior service credits recognized during the year, net of tax of $4.9	—			(8.2		)	—		(8.2		)
Balance at September 30, 2012	$	(18.8	)	$	7.9		$	0.2	$	(10.7	)

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ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Our Business

We are a premier provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, plastic sheet and packaging solutions and polymer distribution. We are also a highly specialized developer and manufacturer of performance enhancing additives, liquid colorants, and fluoropolymer and silicone colorants. Headquartered in Avon Lake, Ohio, we have employees at manufacturing sites and distribution facilities in North America, South America, Europe and Asia. We provide value to our customers through our ability to link our knowledge of polymers and formulation technology with our manufacturing and supply chain capabilities to provide value added solutions to designers, assemblers and processors of plastics (our customers). When used in this quarterly report on Form 10-Q, the terms “we,” “us,” “our” and the “Company” mean PolyOne Corporation and its consolidated subsidiaries.

Highlights and Executive Summary

A summary of PolyOne’s sales, operating income, income from continuing operations and net income attributable to PolyOne common shareholders follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		Adjusted 2012		2013		Adjusted 2012
(In millions)
Sales	$	1,008.9	$	707.7	$	2,847.6	$	2,209.8
Operating income	61.6		43.5		182.8		124.2
Net income from continuing operations	23.0		19.4		72.3		53.1
Net income attributable to PolyOne common shareholders	$	23.0	$	24.0	$	219.2	$	68.8

On March 13, 2013, pursuant to the terms and conditions of the Agreement and Plan of Merger dated October 23, 2012 (Spartech Merger Agreement), PolyOne acquired Spartech Corporation (Spartech), a supplier of sustainable plastic sheet, color and engineered materials, and packaging solutions, based in Clayton, Missouri. Spartech expands PolyOne's specialty portfolio with adjacent technologies in attractive end markets where we already participate, as well as new end markets such as aerospace and security. By combining Spartech's leading market positions in sheet, rigid barrier packaging and specialty cast acrylics with PolyOne's capabilities, we believe we can better serve our customers and accelerate growth.

At the effective time of the merger, each issued and outstanding share of Spartech common stock was canceled and converted into the right to receive consideration equal to $2.67 in cash and 0.3167 shares of PolyOne common stock. PolyOne paid $83.4 million in cash and issued approximately 10.0 million shares of its common stock to Spartech's stockholders. PolyOne funded the cash portion of the consideration, and the repayment of certain of Spartech's debt, with a portion of the net proceeds of its issuance of 5.25% senior notes due 2023, discussed in Note 11,Financing Arrangements.

Spartech's results have been reflected within our Condensed Consolidated Statements of Income and within our newly created segment Designed Structures and Solutions, as well as our existing Global Specialty Engineered Materials, Global Color, Additives and Inks and Performance Products and Solutions segments, since the date of acquisition.

On July 10, 2013, PolyOne determined that it will close six former Spartech North American manufacturing facilities acquired in the March 2013 acquisition and relocate production to other PolyOne facilities over the next 12 to 18 months. These actions are expected to be completed by the end of 2014 and generate annualized pre-tax savings of approximately $25.0 million by 2015.

On May 30, 2013, PolyOne sold its vinyl dispersion, blending and suspension resin assets (Resin Business) to Mexichem Specialty Resins Inc. (Mexichem), a wholly-owned subsidiary of Mexichem, S.A.B. de C.V., for $250.0 million cash consideration, subject to a working capital adjustment that is expected to be finalized in the fourth quarter of 2013. This sale resulted in the recognition of a pre-tax gain of $223.7 million ($138.0 million net of tax), which is reflected within the Income from discontinued operations, net of income taxes line of the Condensed Consolidated Statements of Income.

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As a result of the sale of our Resin Business, this business has been removed from the Performance Products and Solutions segment and presented as a discontinued operation. Additionally, our Specialty Coatings business, which was previously included in the Performance Products and Solutions segment, is now included within the Global Color, Additives and Inks segment. Historical segment information has been retrospectively adjusted to reflect these changes.

Results of Operations —Three and nine months endedSeptember 30, 2013 compared to three and nine months endedSeptember 30, 2012:

	Three Months Ended September 30,						Variances — Favorable (Unfavorable)					Nine Months Ended September 30,						Variances — Favorable (Unfavorable)
(Dollars in millions, except per share data)	2013			Adjusted 2012**			Change			% Change		2013			Adjusted 2012**			Change			% Change
Sales	$	1,008.9		$	707.7		$	301.2		42.6	%	$	2,847.6		$	2,209.8		$	637.8		28.9	%
Cost of sales	827.6			572.6			(255.0		)	(44.5	)%	2,300.3			1,798.4			(501.9		)	(27.9	)%
Gross margin	181.3			135.1			46.2			34.2	%	547.3			411.4			135.9			33.0	%
Selling and administrative expense	119.7			91.6			(28.1		)	(30.7	)%	364.6			287.6			(77.0		)	(26.8	)%
Income related to previously owned equity affiliates	—			—			—			—		0.1			0.4			(0.3		)	(75.0	)%
Operating income	61.6			43.5			18.1			41.6	%	182.8			124.2			58.6			47.2	%
Interest expense, net	(16.0		)	(12.4		)	(3.6		)	(29.0	)%	(48.2		)	(37.1		)	(11.1		)	(29.9	)%
Debt extinguishment costs	(5.2		)	—			(5.2		)	nm*		(15.8		)	—			(15.8		)	nm*
Other expense, net	(1.6		)	(0.5		)	(1.1		)	(220.0	)%	(1.4		)	(2.7		)	1.3			48.1	%
Income from continuing operations before income taxes	38.8			30.6			8.2			26.8	%	117.4			84.4			33.0			39.1	%
Income tax expense	(15.8		)	(11.2		)	(4.6		)	(41.1	)%	(45.1		)	(31.3		)	(13.8		)	(44.1	)%
Net income from continuing operations	23.0			19.4			3.6			18.6	%	72.3			53.1			19.2			36.2	%
Income from discontinued operations, net of income taxes	(0.2		)	4.6			(4.8		)	nm*		146.2			15.7			130.5			nm*
Net income	$	22.8		$	24.0		$	(1.2	)	(5.0	)%	$	218.5		$	68.8		$	149.7		217.6	%
Net loss attributable to noncontrolling interests	0.2			—			0.2			nm*		0.7			—			0.7			nm*
Net income attributable to PolyOne common shareholders	$	23.0		$	24.0		$	(1.0	)	(4.2	)%	$	219.2		$	68.8		$	150.4		218.6	%
Earnings per common share attributable to PolyOne common shareholders - Basic:
Continuing operations	$	0.24		$	0.22							$	0.77		$	0.60
Discontinued operations	—			0.05								1.53			0.17
Total	$	0.24		$	0.27							$	2.30		$	0.77
Earnings per common share attributable to PolyOne common shareholders - Diluted:
Continuing operations	$	0.24		$	0.22							$	0.76		$	0.59
Discontinued operations	—			0.05								1.51			0.17
Total	$	0.24		$	0.27							$	2.27		$	0.76

*Not meaningful.

** Adjusted to present the Resin Business as a discontinued operation.

Sales

Sales increased 42.6% in the third quarter of 2013 compared to the third quarter of 2012, driven by a 38.8% increase attributable to the acquisitions of Spartech and Glasforms Inc. (Glasforms). Increased pricing, primarily associated with higher raw material costs, combined with improved mix, increased sales 3.7%, while favorable currency exchange rates impacted sales by 0.7%. These increases were partially offset by volume declines of 0.6%.

Sales increased 28.9% in the nine months endedSeptember 30, 2013 compared to the nine months ended September, 30 2012, driven by a 28.4% increase attributable to the acquisitions of Spartech and Glasforms, and a 2.7% increase due to higher pricing primarily associated with raw material inflation and improved mix, while

21

favorable currency exchange rates impacted sales by 0.3%. These increases were partially offset by a 2.5% decrease in volumes, primarily related to lower demand in Europe.

Cost of sales

As a percent of sales, cost of sales increased from 80.9% in the third quarter of 2012 to 82.0% in the third quarter of 2013, primarily due to $4.8 million of asset-related restructuring charges reflected within Costs of goods sold, combined with the impact of Spartech' sales, which currently have lower margins than organic PolyOne. Costs of sales as a percentage of sales declined from 81.4% in the nine months ended September 30, 2012 to 80.8% in the nine months ended September 30, 2013. The improvement for the nine months ended September 30, 2013 was driven primarily by improved organic mix in our specialty segments and insurance recoveries of $20.1 million. These improvements were partially offset by the mix effect of Spartech's sales, which currently have lower margins than organic PolyOne, and the $4.8 million of asset-related restructuring charges.

Selling and administrative expense

Selling and administrative expense increased $28.1 million during the three months endedSeptember 30, 2013 compared to the three months endedSeptember 30, 2012, primarily related to acquisitions and acquisition-related costs totaling $21.4 million and increased restructuring costs of $4.8 million. The remaining increase primarily relates to additional commercial resources and inflation, which more than offset a commercial litigation gain of $7.0 million.

Selling and administrative expense increased $77.0 million during the nine months endedSeptember 30, 2013 compared to the nine months endedSeptember 30, 2012, primarily related to acquisitions and acquisition-related costs totaling $53.5 million, increased restructuring costs of $8.8 million and increased stock based compensation expense of $5.4 million. The remaining increase primarily relates to additional commercial resources and inflation, which more than offset a commercial litigation gain of $7.0 million.

Interest expense, net

Net interest expense increased in the third quarter and nine months endedSeptember 30, 2013, as compared to the third quarter and nine months endedSeptember 30, 2012, due to a higher average debt balance during 2013, as discussed in Note 11,Financing Arrangements.

Debt extinguishment costs

Debt extinguishment costs of $5.2 million were recognized during the third quarter of 2013 related to the repurchase of $43.4 million aggregate principal amount of our 7.375% senior notes due 2020 and $1.3 million aggregate principal amount of our 7.50% debentures due 2015. Debt extinguishment costs of $15.8 million for the nine months ended September 30, 2013, includes $10.6 million related to the repayment, in the first quarter, of the outstanding principal amount of $297.0 million under our senior secured term loan.

Income tax expense

Income tax expense from continuing operations was $15.8 million for the third quarter of 2013 compared to $11.2 million in the third quarter of 2012. Income tax expense was $45.1 million for the nine months endedSeptember 30, 2013 compared to $31.3 million for the nine months endedSeptember 30, 2012. These income tax increases were driven primarily by increased earnings in 2013, with a shift in earnings to the United States driven by the acquisitions of Spartech and Glasforms, which have earnings primarily in the United States.

Discontinued operations, net of income taxes

On May 30, 2013, PolyOne sold its Resin Business to Mexichem for $250.0 million cash consideration which resulted in the recognition of a pre-tax gain of $223.7 million ($138.0 million net of tax). This gain, net of tax, along with the operating results through the date of sale, are reflected within the Income from discontinued operations, net of income taxes line of the Condensed Consolidated Statements of Income.

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SEGMENT INFORMATION

Operating income is the primary financial measure that is reported to the chief operating decision makers for purposes of allocating resources to segments and assessing segment performance. Operating income at the segment level does not include: corporate general and administrative costs that are not allocated to segments; intersegment sales and profit eliminations; charges related to specific strategic initiatives, such as the consolidation of operations; restructuring activities, including employee separation costs resulting from personnel reduction programs, plant closure and phase-out costs; executive separation agreements; share-based compensation costs; asset and goodwill impairments; environmental remediation costs for facilities no longer owned or closed in prior years; gains and losses on the divestiture of joint ventures and equity investments; and certain other items that are not included in the measure of segment profit or loss that is reported to and reviewed by the chief operating decision makers. These costs are included in Corporate and eliminations.

Sales and Operating Income — Three and nine months endedSeptember 30, 2013 compared to the three and nine months endedSeptember 30, 2012: 

	Three Months Ended September 30,						Variances — Favorable (Unfavorable)					Nine Months Ended September 30,						Variances — Favorable (Unfavorable)
(Dollars in millions)	2013			Adjusted 2012 **			Change			%  Change		2013			Adjusted 2012**			Change			%  Change
Sales:
Global Specialty Engineered Materials	$	188.8		$	136.6		$	52.2		38.2	%	$	540.8		$	417.5		$	123.3		29.5	%
Global Color, Additives and Inks	219.0			191.1			27.9			14.6	%	653.7			605.0			48.7			8.0	%
Designed Structures and Solutions	187.8			—			187.8			nm*		428.2			—			428.2			nm*
Performance Products and Solutions	176.1			156.3			19.8			12.7	%	512.8			492.3			20.5			4.2	%
PolyOne Distribution	275.0			254.4			20.6			8.1	%	818.1			788.0			30.1			3.8	%
Corporate and eliminations	(37.8		)	(30.7		)	(7.1		)	(23.1	)%	(106.0		)	(93.0		)	(13.0		)	(14.0	)%
Total Sales	$	1,008.9		$	707.7		$	301.2		42.6	%	$	2,847.6		$	2,209.8		$	637.8		28.9	%
Operating income:
Global Specialty Engineered Materials	$	15.7		$	13.1		$	2.6		19.8	%	$	48.2		$	37.7		$	10.5		27.9	%
Global Color, Additives and Inks	28.7			18.6			10.1			54.3	%	83.4			62.6			20.8			33.2	%
Designed Structures and Solutions	10.9			—			10.9			nm*		21.4			—			21.4			nm*
Performance Products and Solutions	14.3			12.3			2.0			16.3	%	41.8			31.6			10.2			32.3	%
PolyOne Distribution	16.6			16.4			0.2			1.2	%	49.7			49.8			(0.1		)	(0.2	)%
Corporate and eliminations	(24.6		)	(16.9		)	(7.7		)	(45.6	)%	(61.7		)	(57.5		)	(4.2		)	(7.3	)%
Total Operating Income	$	61.6		$	43.5		$	18.1		41.6	%	$	182.8		$	124.2		$	58.6		47.2	%
Operating income as a percentage of sales:
Global Specialty Engineered Materials	8.3		%	9.6		%	(1.3		)	% points		8.9		%	9.0		%	(0.1		)	% points
Global Color, Additives and Inks	13.1		%	9.7		%	3.4			% points		12.8		%	10.3		%	2.5			% points
Designed Structures and Solutions	5.8		%	—		%	nm*			nm*		5.0		%	—		%	nm*			nm*
Performance Products and Solutions	8.1		%	7.9		%	0.2			% points		8.2		%	6.4		%	1.8			% points
PolyOne Distribution	6.0		%	6.4		%	(0.4		)	% points		6.1		%	6.3		%	(0.2		)	% points
Total	6.1		%	6.1		%	—			% points		6.4		%	5.6		%	0.8			% points

*Not meaningful.

** Adjusted to present the Resin Business as a discontinued operation and to re-classify our Specialty Coatings business from the Performance Products and Solutions segment to the Global Color, Additives and Inks segment.

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Global Specialty Engineered Materials

Sales increased $52.2 million, or 38.2%, in the third quarter of 2013 compared to the third quarter of 2012. Sales increased 34.2% due to the Spartech and Glasforms acquisitions and 3.6% due to increased sales primarily in the consumer and transportation end markets, while favorable foreign exchange rates impacted sales by 1.3%. These increases were partially offset by decreased pricing and mix of 0.9%. Sales increased $123.3 million, or 29.5% for the nine months ended September 30, 2013 compared to the nine months ended September 30, 2012. Sales increased 27.2% due to the Spartech and Glasforms acquisitions and 2.4% due to increased volume, while favorable foreign exchange rates impacted sales 0.5%. These increases were partially offset by decreased pricing and mix of 0.6%.

Operating income increased $2.6 million in the third quarter of 2013 as compared to the third quarter of 2012. Organically, operating income increased $1.8 million, while acquisitions increased operating income by $0.8 million. Operating income increased $10.5 million in the nine months ended September 30, 2013 as compared to the nine months ended September 30, 2012. These increases are driven primarily by improved organic profitability and acquisitions. Operating income of 8.3% of sales was 1.3% lower for the three months ended September 30, 2013 compared to the three months ended September 30, 2012, due to the impact of Spartech sales, which currently have lower margins than organic Global Specialty Engineered Materials. Organically, quarterly operating income as a percentage of sales improved from 9.6% in 2012 to 10.5% in 2013, while year-to-date organic operating income as a percentage of sales improved from 9.0% in 2012 to 10.8% in 2013.

Global Color, Additives and Inks

Sales increased $27.9 million, or 14.6%, in the third quarter of 2013 compared to the third quarter of 2012. Sales increased 10.5% as a result of acquisitions, 6.6% due to improved price and mix and 1.5% due to favorable exchange rate impacts. These increases were partially offset by a 4.0% decline in volume primarily in the industrial and packaging end markets. Sales increased $48.7 million, or 8.0%, in the nine months ended September 30, 2013, compared to the nine months ended September 30, 2012. Sales increased 7.5% as a result of acquisitions, 6.6% due to increased pricing and mix, and 0.8% due to favorable exchange rates impacts. This increase was partially offset by decreased volumes of 6.9% primarily related to the industrial and packaging end markets.

Operating income increased $10.1 million in the third quarter of 2013 as compared to the third quarter of 2012 and $20.8 million in the nine months ended September 30, 2013 compared to the nine months ended September 30, 2012. These increases are primarily due to organic improvement in mix, acquisitions and cost reductions as a result of previously announced restructuring actions, primarily in Europe. Operating income of 13.1% of sales was 3.4% higher for the three months ended September 30, 2013 compared to the three months ended September 30, 2012, due to organic mix improvement partially offset by Spartech sales, which currently have lower margins than organic Global Color, Additives and Inks.

Designed Structures and Solutions

The Designed Structures and Solutions segment is comprised of the former Spartech Custom Sheet and Rollstock and Packaging Technology segments. Sales for this segment were $187.8 million and $428.2 million in the third quarter of 2013 and since the date of acquisition, respectively.

Operating income for this segment was $10.9 million and $21.4 million in the third quarter of 2013 and since the date of acquisition, respectively.

Performance Products and Solutions

Sales increased $19.8 million, or 12.7%, in the third quarter of 2013 compared to the third quarter of 2012. Sales increased 12.8% due to acquisitions and 5.9% due to improved pricing and mix, while favorable foreign exchange rates impacted sales 0.1%. These increases were partially offset by volume declines of 6.1% primarily in the packaging, transportation and building and construction end markets. Sales increased $20.5 million, or 4.2%, for the nine months ended September 30, 2013 compared to the nine months ended September 30, 2012. Sales increased 8.0% due to acquisitions and 2.1% due to higher pricing associated with raw material costs, and improved mix. These increases in sales were partially offset by volume declines of 5.9% primarily related to contract manufacturing for the transportation end market.

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Operating income increased $2.0 million in the third quarter of 2013 compared to the third quarter of 2012, and $10.2 million for the nine months ended September 30, 2013 compared to the nine months ended September 30, 2012, primarily due to acquisitions and improved price and mix.

PolyOne Distribution

Sales increased $20.6 million, or 8.1%, in the third quarter of 2013 compared to the third quarter of 2012, primarily related to increased volume of 4.6% and increased pricing associated with higher raw material costs of 3.5%. Sales increased $30.1 million, or 3.8%, for the nine months ended September 30, 2013 compared to the nine months ended September 30, 2012. Increased pricing associated with higher raw material costs increased sales by 2.2%, while volume increases favorably impacted sales by 1.6%.

Operating income increased $0.2 million in the third quarter of 2013 compared to the third quarter of 2012 due to increased sales. Operating income decreased $0.1 million for the nine months ended September 30, 2013 compared to the nine months ended September 30, 2012, primarily due to favorable raw material cost dynamics in the first nine months of 2012 that did not repeat in the first nine months of 2013.

Corporate and Eliminations

The following table breaks down Corporate and eliminations into its various components for the three and nine months endedSeptember 30, 2013 and 2012:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2013			Adjusted 2012			2013			Adjusted 2012
Environmental remediation costs	$	(5.3	)	$	(5.2	)	$	(8.6	)	$	(9.7	)
Employee separation and plant phase-out costs	(10.9		)	(1.3		)	(23.7		)	(10.5		)
Stock based compensation expense	(3.1		)	(2.8		)	(13.2		)	(7.8		)
Incentive compensation	(7.0		)	(6.4		)	(19.9		)	(18.9		)
Acquisition related costs, including inventory fair value adjustments	(1.2		)	(0.7		)	(14.8		)	(7.3		)
Legal settlements and environmental insurance recoveries	7.0			—			27.1			—
All other and eliminations (1)	(4.1		)	(0.5		)	(8.6		)	(3.3		)
Total Corporate and eliminations	$	(24.6	)	$	(16.9	)	$	(61.7	)	$	(57.5	)

(1) All other and eliminations is comprised of intersegment eliminations and corporate general and administrative costs that are not allocated to segments.

Liquidity and Capital Resources

Our objective is to finance our business through operating cash flow and an appropriate mix of debt. By staggering maturities, we avoid concentrations of debt, reducing liquidity risk. As we have previously done in 2013, we may from time to time seek to retire or purchase our outstanding debt through cash purchases and/or exchanges for equity securities, in open market purchases, privately negotiated transactions or otherwise. Over a period of 18 to 24 months beginning March 13, 2013, we plan to repurchase at least 10.0 million shares of our common stock, which is the number of shares that we issued in conjunction with the Spartech acquisition. We have repurchased approximately 3.8 million shares under this plan through the third quarter of 2013. Such repurchases or exchanges, if any, and the timing thereof, will depend on prevailing market conditions, our liquidity requirements, contractual restrictions and other factors.

The following table summarizes our liquidity as of September 30, 2013 and December 31, 2012:

(In millions)	September 30, 2013		December 31, 2012
Cash and cash equivalents	$	322.8	$	210.0
Revolving credit availability	307.8		171.2
Liquidity	$	630.6	$	381.2

As of September 30, 2013, approximately 62.4% of the Company’s cash and cash equivalents reside outside the United States. Repatriation of these funds could be negatively impacted by potential foreign and domestic taxes.

25

Based on current projections, we believe that we will be able to continue to manage and control working capital, discretionary spending and capital expenditures and that cash provided by operating activities, along with available borrowing capacity under revolving credit facilities, should allow us to maintain adequate levels of available liquidity to fund our operations, meet debt service obligations and minimum pension funding requirements for both the short-term and long-term.

Cash Flows

The following describes the material components of cash flows from operating, investing and financing activities for the nine months endedSeptember 30, 2013 and 2012.

Operating Activities — In the nine months endedSeptember 30, 2013, net cash used by operating activities was $4.8 million as compared to net cash provided by operating activities of $86.9 million in the nine months endedSeptember 30, 2012. The increase in net cash used by operating activities of $91.7 million is primarily driven by the $50.0 million voluntary pension payment made in the first quarter of 2013 and increased tax payments in 2013 compared to 2012, as a result of increased earnings and the gain related to the sale of the Resin Business.

Working capital as a percentage of sales, which we define as average accounts receivable, plus average inventory, less average accounts payable, divided by sales, for the third quarter of 2013 increased to 11.4% compared to 10.5% for the third quarter of 2012. The increase in working capital primarily relates to the acquisitions of Spartech and Glasforms, which unfavorably impacted working capital by 0.8%. Days sales outstanding for the third quarter of 2013 was 46.6 compared to 48.1 for the third quarter of 2012.

Investing Activities — Cash used by investing activities during the nine months endedSeptember 30, 2013 was $26.5 million, primarily reflecting the acquisition of Spartech of $258.8 million, net of cash acquired, and capital expenditures of $41.8 million. These cash outflows were partially offset by cash proceeds received of $274.7 million primarily related to the sale of our Resin Business of $250.0 million and $24.1 million primarily related to year two of the potential three year earn-out from the sale of our 50% equity investment in SunBelt Chlor Alkali Partnership (SunBelt).

Cash used by investing activities during the first nine months of 2012 was $14.1 million, primarily reflecting cash proceeds of $18.5 million from year one of the potential three year earn-out from the sale of our 50% equity investment in SunBelt, partially offset by capital expenditures of $33.0 million.

Financing Activities — Net cash provided by financing activities for the nine months endedSeptember 30, 2013 was $143.2 million, which primarily includes repayments of our senior secured term loan of $297.0 million, the repurchase of $43.4 million aggregate principal amount of our 7.375% senior notes due 2020, and the repurchase of $1.3 million aggregate principal payment of our 7.50% debentures due 2015, debt financing costs of $13.0 million, repurchases of $95.7 million of our outstanding common stock and cash dividends paid of $15.7 million. These cash outflows were more than offset by proceeds received from the issuance of our senior notes due 2023 of $600.0 million, net proceeds from borrowings under our credit facilities of $8.7 million and income tax benefits of $5.2 million related to the exercise of equity awards.

Net cash used by financing activities for the nine months endedSeptember 30, 2012 was $16.6 million, which includes principal repayments of $2.3 million on our term loan, repurchases of $15.9 million of our outstanding common shares, and cash dividends paid of $12.5 million. These outflows were partially offset by income tax benefits of $11.7 million related to the exercise of equity awards and $2.4 million received from non-controlling interests related to the funding of our joint venture in Saudi Arabia.

26

Debt

As of September 30, 2013, debt totaled $987.7 million. Aggregate maturities of debt for the current year, next five years and thereafter, are as follows:

(In millions)
2013	$	9.6
2014	0.4
2015	57.2
2016	0.5
2017	0.5
2018	0.6
Thereafter	918.9
Aggregate maturities	$	987.7

In the third quarter of 2013, we repurchased $43.4 million aggregate principal amount of our 7.375% senior notes due 2020 and $1.3 million aggregate principal amount of our 7.50% debentures due 2015. For the nine months endedSeptember 30, 2013, we recognized debt extinguishment costs of $15.8 million related to the early retirement of debt, which is shown within the Debt extinguishment costs line in our Condensed Consolidated Statements of Income.

On March 1, 2013, the agreement governing our $300.0 million five-year senior secured revolving credit facility was amended and restated. The amendment and restatement resulted in an increase in commitments of $100.0 million for a maximum borrowing facility size of $400.0 million, subject to a borrowing base with advances against certain U.S. and Canadian accounts receivable and inventory. We have the option to increase the availability under the facility to $450.0 million, subject to meeting certain requirements and obtaining commitments for such increase. In connection with the amendment and restatement, we also extended the maturity date to March 1, 2018. As of September 30, 2013, we were in compliance with all covenants, had no outstanding borrowings and had availability of $307.8 million under this facility.

On February 28, 2013, we issued $600.0 million aggregate principal amount of senior notes, which mature on March 15, 2023. The senior notes bear interest at an annual rate of 5.25% payable semi-annually, in arrears, on March 15 and September 15 of each year, which commenced on September 15, 2013. We used a portion of the proceeds to repay the outstanding principal amount of $297.0 million under our senior secured term loan.

On October 2, 2012, the Company entered into a credit line with Saudi Hollandi Bank for $10.7 million, with an interest rate equal to the Saudi Arabia Interbank Offered Rate (SAIBOR) plus a fixed rate of 0.85%. The credit line is being used to fund capital expenditures related to the manufacturing facility in Jeddah, Saudi Arabia and is subject to an annual renewal. In 2013, the Company renewed the credit line with Saudi Hollandi Bank. As of September 30, 2013, borrowings under the credit line were $9.1 million with an interest rate of 1.85%.

Guarantee

On February 28, 2011, we sold our 50% equity interest in SunBelt to Olin Corporation (Olin) for $132.3 million in cash and the assumption by Olin of the obligations under our guarantee of senior secured notes issued by SunBelt of $42.7 million at the time of sale and $30.5 million as of September 30, 2013. Unless the guarantee is formally assigned to Olin, we remain obligated under the guarantee, although Olin has agreed to indemnify us for amounts that we may be obligated to pay under the guarantee.

Contractual Obligations

We have future obligations under various contracts relating to debt and interest payments, operating leases, pension and post-retirement benefit plans and purchase obligations. During the three months ended September 30, 2013, there were nomaterial changes to these obligations as reported in our quarterly report on Form 10-Q for the quarter ended March 31, 2013.

27

CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS

In this quarterly report on Form 10-Q, statements that are not reported financial results or other historical information are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give current expectations or forecasts of future events and are not guarantees of future performance. They are based on management’s expectations that involve a number of business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. They use words such as “will,” “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe” and other words and terms of similar meaning in connection with any discussion of future operating or financial performance and/or sales. In particular, these include statements relating to future actions; prospective changes in raw material costs, product pricing or product demand; future performance; results of current and anticipated market conditions and market strategies; sales efforts; expenses; the outcome of contingencies such as legal proceedings; and financial results. Factors that could cause actual results to differ materially from those implied by these forward-looking statements include, but are not limited to:

• the effect on foreign operations of currency fluctuations, tariffs and other political, economic and regulatory risks;

• changes in polymer consumption growth rates where we conduct business;

• changes in global industry capacity or in the rate at which anticipated changes in industry capacity come online in the industries in which we participate;

• fluctuations in raw material prices, quality and supply and in energy prices and supply;

• production outages or material costs associated with scheduled or unscheduled maintenance programs;

• unanticipated developments that could occur with respect to contingencies such as litigation and environmental matters, including any developments that would require any increase in our costs and/or reserves for such contingencies;

• an inability to achieve or delays in achieving or achievement of less than the anticipated financial benefit from initiatives related to working capital reductions, cost reductions and employee productivity goals;

• an inability to raise or sustain prices for products or services;

• an inability to maintain appropriate relations with unions and employees;

• the speed and extent of an economic recovery, including the recovery of the housing markets;

• the financial condition of our customers, including the ability of customers (especially those that may be highly leveraged and those with inadequate liquidity) to maintain their credit availability;

• disruptions, uncertainty or volatility in the credit markets that may limit our access to capital;

• other factors affecting our business beyond our control, including, without limitation, changes in the general economy, changes in interest rates and changes in the rate of inflation;

• the amount and timing of repurchases, if any, of PolyOne common stock;

• our ability to pay regular quarterly cash dividends and the amounts and timing of any future dividends;

• the Company’s ability to realize anticipated savings and operational benefits from the realignment of assets, including the planned closure of six North American manufacturing facilities; the timing of closings and shifts of production to new facilities related to the planned North American asset realignment and any unforeseen disruptions of service or quality caused by such closings and/or production shifts; separation and severance amounts that differ from original estimates, including because of the timing of employee terminations; amounts for non-cash charges related to the planned North American asset realignment relating to inventories and property, plant and equipment that differ from original estimates because of the final assessed fair market value of such inventories and property, plant and equipment;

• the ability to successfully integrate acquired companies into our operations, retain the management teams of acquired companies, and retain relationships with customers of acquired companies, including without limitation, ColorMatrix, Glasforms and Spartech;

• the ability to achieve the expected results of any acquisitions, including the acquisitions being accretive, including, without limitation, the acquisitions of ColorMatrix, Glasforms and Spartech; and

• other factors described in our annual report on Form 10-K for the year ended December 31, 2012 under Item 1A, “Risk Factors.”

We cannot guarantee that any forward-looking statement will be realized, although we believe we have been prudent in our plans and assumptions. Achievement of future results is subject to risks, uncertainties and inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove

28

inaccurate, actual results could vary materially from those anticipated, estimated or projected. Investors should bear this in mind as they consider forward-looking statements. We undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise, except as otherwise required by law. You are advised, however, to consult any further disclosures we make on related subjects in our reports on Forms 10-Q, 8-K and 10-K furnished to the SEC. You should understand that it is not possible to predict or identify all risk factors. Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.

ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There have been no material changes to exposures to market risk as reported in our annual report on Form 10-K for the year ended December 31, 2012.

ITEM 4.CONTROLS AND PROCEDURES

Disclosure controls and procedures

PolyOne’s management, under the supervision of and with the participation of its Chief Executive Officer and its Chief Financial Officer, has evaluated the effectiveness of the design and operation of PolyOne’s disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the period covered by this quarterly report. We acquired a controlling interest in Spartech on March 13, 2013. As of September 30, 2013, Spartech constituted 24.1% of our total assets. As the Spartech acquisition occurred during the first quarter of 2013, the scope of our assessment of the effectiveness of PolyOne’s disclosure controls and procedures does not include Spartech. This exclusion is in accordance with the SEC’s general guidance that an assessment of a recently acquired business may be omitted from our scope in the year of acquisition. Based upon this evaluation, PolyOne’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this quarterly report, its disclosure controls and procedures were effective.

Changes in internal control over financial reporting

Other than the impact of the Spartech acquisition, there were no changes in PolyOne’s internal control over financial reporting during the quarter ended September 30, 2013 that have materially affected, or are reasonably likely to materially affect, its internal control over financial reporting. Management is currently evaluating the impact of Spartech on PolyOne's internal control over financial reporting.

PART II

ITEM 1.LEGAL PROCEEDINGS

In December 2007, the United States Environmental Protection Agency (USEPA) met with the Company to discuss possible violations of the Clean Air Act, the CleanWater Act and the Resource Conservation and Recovery Act at its polyvinyl chloride resin manufacturing facilities located in Henry, Illinois and Pedricktown, New Jersey. Discussions between representatives for the Company and the USEPA occurred in 2008, during which the Company provided additional information as well as its position regarding the compliance status of the facilities and discussed certain modifications to testing procedures and record keeping. In January 2009, we received a letter from USEPA proposing a resolution of any violations identified that would include our payment of penalties in the amount of $1.3 million. We have reached a tentative settlement with USEPA under which the Company would pay a reduced penalty, install certain Supplemental Environmental Projects and undertake certain modifications to its operations and recordkeeping at these two facilities. The settlement is expected to be finalized in 2013. Going forward, the Company has imposed upon Mexichem Specialty Resins, Inc. the obligations to honor and perform the recordkeeping and operational modifications that would emerge from this settlement.

Information regarding other legal proceedings can be found in Note 13,Commitments and Contingencies, to the consolidated financial statements and is incorporated by reference herein.

29

ITEM 2.UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

The table below sets forth information regarding repurchase of shares of our common stock during the period indicated.

Period	Total Number of Shares Purchased	Average Price Paid Per Share		Total Number of Shares Purchased as Part of Publicly Announced Program	Maximum Number of Shares that May Yet be Purchased Under the Program (1)
July 1 to July 31	3,132	$	24.99	3,132	17,030,151
August 1 to August 31	587,792	27.93		587,792	16,442,359
September 1 to September 30	285,664	28.10		285,664	16,156,695
Total	876,588	$	27.97	876,588

(1) In August 2008, PolyOne's Board of Directors approved a common stock repurchase program authorizing PolyOne to purchase up to 10.0 million shares of its common stock. Between August 2008 and October 2011, PolyOne repurchased 5.3 million shares of common stock available for repurchase, at an average price paid per share of $11.71. On October 11, 2011, PolyOne's Board of Directors increased the common stock repurchase authorization by an additional 5.3 million shares of common stock. From October 2011 through October 2012, PolyOne repurchased 3.2 million shares of common stock available for repurchase, at an average price per share of $11.54. On October 23, 2012, PolyOne's Board of Directors further increased the common stock repurchase authorization amount by an additional 13.2 million shares of common stock to 20.0 million. From March 13, 2013 to September 30, 2013, PolyOne repurchased 3.8 million shares of common stock available for repurchase at an average price per share of $24.89. Purchases of common stock may be made by open market purchases or privately negotiated transactions and may be made pursuant to Rule 10b5-1 plans and accelerated share repurchases.

ITEM 6.Exhibits

Exhibits - Refer to the Exhibit Index attached, which is incorporated herein by reference.

30

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

October 25, 2013	POLYONE CORPORATION
	/s/ Richard J. Diemer, Jr.
	Richard J. Diemer, Jr. Senior Vice President and Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer)

31

EXHIBIT INDEX

Exhibit No.	Exhibit Description
31.1	Certification of Stephen D. Newlin, Chairman, President and Chief Executive Officer, pursuant to SEC Rules 13a-14(a) and 15d-14(a), adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Richard J. Diemer, Jr., Senior Vice President and Chief Financial Officer, pursuant to SEC Rules 13a-14(a) and 15d-14(a), adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	Certification of Stephen D. Newlin, Chairman, President and Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2	Certification of Richard J. Diemer, Jr., Senior Vice President and Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Extension Schema Document
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

32

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Stephen D. Newlin, certify that:

1. I have reviewed this quarterly report on Form 10-Q of PolyOne Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

October 25, 2013

/s/ Stephen D. Newlin

Stephen D. Newlin

Chairman, President and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Richard J. Diemer, Jr., certify that:

1. I have reviewed this quarterly report on Form 10-Q of PolyOne Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

October 25, 2013

/s/ Richard J. Diemer, Jr.

Richard J. Diemer, Jr.

Senior Vice President and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of PolyOne Corporation (the “Company”) for the period ended September 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Stephen D. Newlin, Chairman, President and Chief Executive Officer of the Company, do hereby certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

/s/ Stephen D. Newlin

Stephen D. Newlin

Chairman, President and Chief Executive Officer

October 25, 2013

The foregoing certification is being furnished solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Report or as a separate disclosure document.

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of PolyOne Corporation (the “Company”) for the period ended September 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Richard J. Diemer, Jr., Senior Vice President and Chief Financial Officer of the Company, do hereby certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods expressed in the Report.

/s/ Richard J. Diemer, Jr.

Richard J. Diemer, Jr.

Senior Vice President and Chief Financial Officer

October 25, 2013

The foregoing certification is being furnished solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Report or as a separate disclosure document.

XML

Segment Information

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Segment Information

Note 12 — SEGMENT INFORMATION

As a result of the acquisition of Spartech, we created a new segment. Spartech's former Custom Sheet and Rollstock and Packaging Technology businesses are reported within this new segment referred to as "Designed Structures and Solutions", and the remaining Spartech businesses are being split among PolyOne's existing Global Specialty Engineered Materials, Global Color, Additives and Inks and Performance Products and Solutions segments.

As a result of the sale of our Resin Business, this business has been removed from the Performance Products and Solutions segment and presented as a discontinued operation. Additionally, our Specialty Coatings business, which was previously included in the Performance Products and Solutions segment, is now included within the Global Color, Additives and Inks segment. Historical segment information has been retrospectively adjusted to reflect these changes.

Segment information for the three and nine months endedSeptember 30, 2013 and 2012 is as follows:

	Three Months Ended September 30, 2013								Adjusted Three Months Ended September 30, 2012
(In millions)	Sales to External Customers		Total Sales			Operating Income			Sales to External Customers		Total Sales			Operating Income
Global Specialty Engineered Materials	$	177.4	$	188.8		$	15.7		$	126.9	$	136.6		$	13.1
Global Color, Additives and Inks	216.4		219.0			28.7			190.5		191.1			18.6
Designed Structures and Solutions	187.4		187.8			10.9			—		—			—
Performance Products and Solutions	155.2		176.1			14.3			137.5		156.3			12.3
PolyOne Distribution	272.5		275.0			16.6			252.8		254.4			16.4
Corporate and eliminations	—		(37.8		)	(24.6		)	—		(30.7		)	(16.9		)
Total	$	1,008.9	$	1,008.9		$	61.6		$	707.7	$	707.7		$	43.5

	Nine Months Ended September 30, 2013								Adjusted Nine Months Ended September 30, 2012
(In millions)	Sales to External Customers		Total Sales			Operating Income			Sales to External Customers		Total Sales			Operating Income
Global Specialty Engineered Materials	$	507.1	$	540.8		$	48.2		$	385.0	$	417.5		$	37.7
Global Color, Additives and Inks	648.9		653.7			83.4			603.4		605.0			62.6
Designed Structures and Solutions	427.1		428.2			21.4			—		—			—
Performance Products and Solutions	452.8		512.8			41.8			437.8		492.3			31.6
PolyOne Distribution	811.7		818.1			49.7			783.6		788.0			49.8
Corporate and eliminations	—		(106.0		)	(61.7		)	—		(93.0		)	(57.5		)
Total	$	2,847.6	$	2,847.6		$	182.8		$	2,209.8	$	2,209.8		$	124.2

	Total Assets
(In millions)	September 30, 2013		December 31, 2012
Global Specialty Engineered Materials	$	476.9	$	396.6
Global Color, Additives and Inks	963.2		901.7
Designed Structures and Solutions	556.9		—
Performance Products and Solutions	237.2		205.4
PolyOne Distribution	225.4		212.9
Corporate and eliminations	483.5		411.4
Total assets	$	2,943.1	$	2,128.0

XML

Financing Arrangements (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended							0 Months Ended	9 Months Ended			9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2013	Mar. 01, 2013 Revolving Credit Facility [Member]	Sep. 30, 2013 Saudi Hollandi Bank [Member]	Oct. 02, 2012 Saudi Hollandi Bank [Member]	Oct. 23, 2012 Bank of America, NA, Merrill Lunch, Pierce, Fenner and Smith Incorporated, Wells Fargo Securities, LLC and WF Investment Holdings, LLC [Member] Bridge Loan [Member]	Sep. 30, 2013 Various Banks [Member] Revolving Credit Facility [Member]	Mar. 02, 2013 Various Banks [Member] Revolving Credit Facility [Member]	Mar. 01, 2013 Various Banks [Member] Revolving Credit Facility [Member]	Mar. 13, 2013 Spartech [Member]	Sep. 30, 2013 Spartech [Member]	Sep. 30, 2013 5.250% Senior Notes Due 2023 [Member] Senior Notes [Member]	Feb. 28, 2013 5.250% Senior Notes Due 2023 [Member] Senior Notes [Member]	Sep. 30, 2013 Senior Secured Term Loan Due 2017 [Member]
Debt Instrument [Line Items]
Short-term Debt, Percentage Bearing Fixed Interest Rate								0.85%
Face amount																$ 600,000,000.0
Stated interest rate													7.08%		5.25%	5.25%
Business acquisition, repayment of senior notes.													88,900,000	88,900,000
Senior note repayment, interest and make - whole costs														13,400,000
Contributions by employer			50,000,000
Early repayment of senior debt													102,300,000				297,000,000
Payments of Debt Extinguishment Costs	5,200,000	0	15,800,000	0													10,600,000
Write off of deferred debt issuance cost																	8,200,000
Write-off of deferred financing costs and debt discounts																	2,400,000
Line of credit facility, maximum borrowing capacity						300,000,000.0		10,700,000	250,000,000.0		400,000,000.0
Deferred finance costs, net					1,900,000
Line of credit facility term						5 years
Increase (decrease), other, net						100,000,000.0
Line of Credit Facility, Potential maximum Borrowing Capacity												450,000,000
Current borrowing availability										307,800,000
Interest rate at period end							1.852%
Amount outstanding							$ 9,100,000

XML

Condensed Consolidated Balance Sheets (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 322.8	$ 210.0
Accounts receivable, net	505.0	313.9
Inventories, net	341.5	244.4
Assets held-for-sale	0	39.3
Other current assets	63.4	81.1
Total current assets	1,232.7	888.7
Property, net	644.4	385.8
Goodwill	555.6	405.5
Other intangible assets, net	370.8	340.0
Other non-current assets	139.6	108.0
Total assets	2,943.1	2,128.0
Current liabilities:
Short-term and current portion of long-term debt	9.9	3.8	[1]
Accounts payable	399.9	296.1
Liabilities held-for-sale	0	18.0
Accrued expenses	185.4	141.9
Total current liabilities	595.2	459.8
Non-current liabilities:
Long-term debt	977.8	703.1	[1]
Post-retirement benefits other than pensions	15.9	17.0
Pension benefits	107.6	182.8
Deferred Income Taxes and Other Liabilities, Noncurrent	140.7	31.8
Other non-current liabilities	109.3	102.1
Total non-current liabilities	1,351.3	1,036.8
Commitments and contingencies (Note 13)
Shareholders' equity
PolyOne shareholders' equity	994.6	629.1
Noncontrolling interests	2.0	2.3
Total equity	996.6	631.4
Total liabilities and shareholders' equity	$ 2,943.1	$ 2,128.0

[1] Book values include unamortized discounts, as applicable.

XML

Employee Separation and Plant Phase-out Costs

9 Months Ended

Sep. 30, 2013

Restructuring and Related Activities [Abstract]

Employee Separation and Plant Phase-out Costs

Note 5 — EMPLOYEE SEPARATION AND PLANT PHASE-OUT COSTS

On July 10, 2013, PolyOne determined it would close six former Spartech North American manufacturing facilities acquired in the March 2013 acquisition, and relocate production to other PolyOne facilities over the next 12 to 18 months. These actions are expected to be completed by the end of 2014. The manufacturing facilities’ closings are part of the Company’s ongoing integration of Spartech. This North American realignment is designed to enable the Company to better serve customers, improve efficiency and deliver a portion of the anticipated synergy-related cost savings in connection with the Spartech acquisition.

The Company anticipates that it will incur approximately $35.0 million of charges in connection with this realignment, which are comprised of approximately $20.0 million of cash charges, primarily related to employee severance and plant exit costs, and approximately $15.0 million of non-cash charges, primarily related to accelerated depreciation. In the third quarter of 2013, we have incurred $1.8 million of cash related charges and $1.8 million of non-cash related charges under the North American realignment plan.

Since the date of the acquisition through September 30, 2013, PolyOne has incurred severance charges totaling $11.6 million, including $1.8 million from the North American realignment, and $9.8 million primarily related to former Spartech executives and other former Corporate employees. Asset-related charges and other ongoing costs totaling $6.9 million were recognized since the date of acquisition through September 30, 2013, including $1.8 million related to the North American realignment, and $5.1 million primarily related to asset rationalization at other former Spartech locations, in addition to costs incurred under previously announced Spartech restructuring plans that were underway prior to PolyOne's acquisition of Spartech.

The table below summarizes restructuring activity related to Spartech since the date of acquisition.

(In millions)	Long-Lived Asset Charges			Employee Separation			Other Costs			Total
Accrual balance at December 31, 2012	$	—		$	—		$	—		$	—
Charge to expense	4.8			11.6			2.1			18.5
Cash payments	—			(3.1		)	(2.1		)	(5.2		)
Non-cash utilization	(4.8		)	—			—			(4.8		)
Accrual balance at September 30, 2013	$	—		$	8.5		$	—		$	8.5

In addition to the $18.5 million of Spartech related charges incurred since the date of acquisition, in the nine months ended September 30, 2013, we incurred $5.2 million of restructuring charges related to other actions to realign production capacities and improve return on invested capital. Total restructuring charges of $23.7 million included $4.8 million that were recognized within Cost of goods sold and $18.9 million that were recognized in Selling and administrative expenses within the Condensed Consolidated Statements of Income and Corporate and eliminations within segment disclosures for the nine months ended September 30, 2013.

During the second quarter of 2012, the Company undertook actions to realign production capacities and improve return on invested capital. These actions were primarily in response to weak demand in Europe. These actions resulted in charges of $1.3 million and $10.5 million related to plant closure costs and reductions in force for the three and nine months ended September 30, 2012. These costs were primarily recognized within Selling and administrative expense in our Condensed Consolidated Statements of Income and within Corporate and eliminations in segment disclosures.

XML

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The Resin Business' sales, income before income taxes and income from discontinued operations, net of income taxes were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2013			2012			2013*			2012
Sales	$	—		$	32.5		$	55.3		$	103.5
Gain on sale	$	0.1		$	—		$	223.7		$	—
Income from operations	—			7.0			12.2			24.2
Income before taxes	0.1			7.0			235.9			24.2
Income tax expense	(0.3		)	(2.4		)	(89.7		)	(8.5		)
Income from discontinued operations, net of income taxes	$	(0.2	)	$	4.6		$	146.2		$	15.7

* Includes the Resin Business' operating results through May 29, 2013.

The following table summarizes the assets and liabilities of the Resin Business as of December 31, 2012:

(In millions)	December 31, 2012
Assets:
Accounts receivable, net	$	8.8
Inventories, net	8.2
Property, net	21.7
Other assets	0.6
Assets held-for-sale	$	39.3
Liabilities:
Accounts payable	$	15.8
Accrued expenses	2.2
Liabilities held-for-sale	$	18.0

XML

Fair Value (Carrying Amounts And Fair Values Of Financial Instruments) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012		Sep. 30, 2012	Dec. 31, 2011
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt	$ 987.7	$ 706.9	[1]
Cash and Cash Equivalents, at Carrying Value	322.8	210.0		248.7	191.9
Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, at Carrying Value	322.8
Cash equivalents		210.0
Quoted prices In active mrkets for identical assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	322.8	210.0
Other observable inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Unobservable inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	0	0
Foreign currency options [Member] | Estimate of Fair Value, Fair Value Disclosure [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency	0	0.6
Foreign currency options [Member] | Quoted prices In active mrkets for identical assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency	0	0
Foreign currency options [Member] | Other observable inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency	0	0.6
Foreign currency options [Member] | Unobservable inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency	0	0
Foreign Exchange Forward [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency	0
Foreign Exchange Forward [Member] | Quoted prices In active mrkets for identical assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency	0
Foreign Exchange Forward [Member] | Other observable inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency	$ 0

[1] Book values include unamortized discounts, as applicable.

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Commitments And Contingencies

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 13 — COMMITMENTS AND CONTINGENCIES

Environmental — We or our subsidiaries have been notified by federal and state environmental agencies and by private parties that we may be a potentially responsible party (PRP) in connection with the investigation and remediation of certain environmental waste disposal sites. While government agencies frequently assert that PRPs are jointly and severally liable at these sites, in our experience, the interim and final allocations of liability costs are generally made based on the relative contribution of waste. We initiate corrective and preventive environmental projects of our own to ensure safe and lawful activities at our operations. We believe that compliance with current governmental regulations at all levels will not have a material adverse effect on our financial condition.

In September 2007, we were informed of rulings by the United States District Court for the Western District of Kentucky on several pending motions in the case of Westlake Vinyls, Inc. v. Goodrich Corporation, et al., which had been pending since 2003. The Court held that PolyOne must pay the remediation costs at the former Goodrich Corporation (now Westlake Vinyls, Inc.), Calvert City facility, together with certain defense costs of Goodrich Corporation. The rulings also provided that PolyOne can seek indemnification for contamination attributable to Westlake Vinyls.

The environmental obligation at the site arose as a result of an agreement between The B.F.Goodrich Company (nka Goodrich Corporation) and our predecessor, The Geon Company, at the time of the initial public offering in 1993, by which the Geon Company became a public company, to indemnify Goodrich Corporation for environmental costs at the site. At the time, neither PolyOne nor The Geon Company ever owned or operated the facility. Following the Court rulings, the parties to the litigation entered into settlement negotiations and agreed to settle all claims regarding past environmental costs incurred at the site. These same Court rulings and the settlement agreement provide a mechanism to allocate future remediation costs at the Calvert City facility to Westlake Vinyls, Inc. We will adjust our environmental reserve in the future, consistent with any such future allocation of costs.

A remedial investigation and feasibility study is underway at Calvert City. During the third quarter of 2013, we submitted a remedial investigation report to the United States Environmental Protection Agency (USEPA). USEPA has required certain changes to the remedial investigation report, and revisions are ongoing. We have since undertaken steps to develop a feasibility study, including engaging a third party to perform ground water modeling at this site. We believe the results of the ongoing ground water model will allow us to begin developing remedial alternatives. As of September 30, 2013, we cannot reasonably estimate an adjustment to our current reserves because the remediation alternatives have not yet advanced to a stage where a reasonable estimate can be made. As such, it is reasonably possible that a future adjustment may have a material adverse impact to our Condensed Consolidated Statements of Income.

On March 13, 2013, PolyOne acquired Spartech. One of Spartech's subsidiaries, Franklin-Burlington Plastics, Inc. (Franklin-Burlington), operated a plastic resin manufacturing facility in Kearny, New Jersey, located adjacent to the Lower Passaic River. Spartech acquired the owner of this facility, Franklin Plastics Corp., in a 1986 stock transaction, and Franklin Plastics Corp. subsequently became Franklin-Burlington. The USEPA has requested that companies located in the area of the Lower Passaic River, including Franklin-Burlington, cooperate in an investigation of contamination of the Lower Passaic River. In response, Franklin-Burlington and approximately 70 other companies (collectively, the Cooperating Parties) agreed, pursuant to an Administrative Order of Consent with the USEPA, to assume responsibility for completing a remedial investigation/feasibility study (RIFS) of the Lower Passaic River. The RIFS costs are exclusive of any costs that may ultimately be required to remediate the Lower Passaic River area being studied or costs associated with natural resource damages that may be assessed. By agreeing to bear a portion of the cost of the RIFS, Franklin-Burlington did not admit to or agree to bear any such remediation or natural resource damage costs. The USEPA continues to evaluate the remedial options, and the scope and cost of any remedial activity has not yet been determined.

Given the uncertainties related to the Lower Passaic River, including the fact that the final remedial actions and scope, and the ultimate allocation to Franklin-Burlington have not yet been determined, we are not able to assess or estimate our liability, if any, related to this matter.

During the nine months endedSeptember 30, 2013 and 2012, PolyOne recognized $8.6 million and $9.7 million, respectively, of expense related to environmental activities at all of our active and inactive sites. During the nine months endedSeptember 30, 2013, we received $20.1 million of proceeds from insurance recoveries compared to less than $0.1 million during the nine months endedSeptember 30, 2012. These expenses and the gains associated with these reimbursements are included within Cost of sales within our Condensed Consolidated Statements of Income.

Based on estimates that were prepared by our environmental engineers and consultants, our reserve balance was $76.5 million at September 30, 2013 and $75.4 million at December 31, 2012, for probable future environmental expenditures related to previously contaminated sites. The accruals represent our best estimate of the remaining probable remediation costs, based upon information and technology that is currently available and our view of the most likely remedy. Depending upon the results of future testing, the ultimate remediation alternatives undertaken, changes in regulations, new information, newly discovered conditions and other factors, it is reasonably possible that we could incur additional costs in excess of the amount accrued at September 30, 2013. However, such additional costs, if any, cannot presently be estimated.

Other legal matters — In the third quarter of 2013, we received $7.0 million in connection with the resolution of commercial litigation in which we had an interest. We recognized this gain within the Selling and administrative expense line within our Condensed Consolidated Statements of Income in the three months ended September 30, 2013.  

Litigation Related to the Merger with Spartech — On March 5, 2013, counsel for the parties in the lawsuits entered into a memorandum of understanding, in which they agreed on the terms of a settlement of the In re Spartech Corporation Shareholder Litigation, including dismissal with prejudice and a release of all claims made therein against all defendants. Defendants agreed to the terms of the proposed settlement in order to avoid the substantial burden, expense, risk, inconvenience, and distraction of continued litigation, including the risk of delaying or adversely affecting the merger. On October 22, 2013, the parties entered into a stipulation of settlement. The proposed settlement remains conditioned upon, among other things, final approval of the proposed settlement by the Circuit Court of St. Louis County, Missouri. There can be no assurance that the court will approve the settlement, or that the settlement conditions will be met. PolyOne is insured with respect to these lawsuits.

Guarantee — On February 28, 2011, we sold our 50% equity interest in SunBelt Chlor Alkali Partnership (SunBelt) to Olin Corporation (Olin) for $132.3 million in cash and the assumption by Olin of the obligations under our guarantee of senior secured notes issued by SunBelt of $42.7 million at the time of sale, and $30.5 million as of September 30, 2013. Unless the guarantee is formally assigned to Olin, we remain obligated under the guarantee, although Olin has agreed to indemnify us for amounts that we may be obligated to pay under the guarantee.

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Income Taxes (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Tax Disclosure [Abstract]
Income tax expense, continuing operations	$ (15.8)	$ (11.2)	$ (45.1)	$ (31.3)

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Fair Value (Narrative) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]
Long-term Debt, Fair Value	$ 983.7	$ 741.0
Debt carrying value	$ 987.7	$ 706.9	[1]

[1] Book values include unamortized discounts, as applicable.

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Business Combinations (Purchase Price Allocation) (Details) (USD $) In Millions, except Share data, unless otherwise specified	9 Months Ended		0 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Mar. 13, 2013 Spartech [Member]	Mar. 13, 2013 Restricted Stock Units (RSUs) [Member] Spartech [Member]
Business Acquisition, Cost of Acquired Entity, Purchase Price [Abstract]
Spartech shares outstanding			31,200,000
Spartech restricted stock units				200,000
Spartech shares to be converted			31,400,000
Exchange ratio			0.3167
PolyOne shares issued			10,000,000
PolyOne closing stock price on March 13, 2013			$ 25.05
Total value of PolyOne shares issued			$ (249.9)
Cash consideration transferred to Spartech Shareholders			83.4
Fair value of Spartech equity awards, net of deferred tax benefits			2.4
Total consideration transferred to Spartech equity holders			335.7
Spartech revolving credit facilities repaid at close (2)			77.2
Spartech senior notes repaid at close (including make-whole provisions and interest payable)			102.3
Total consideration transferred to debt and equity holders			515.2
Cash acquired			(4.1)
Total consideration transferred to debt and equity holders, net of cash acquired	$ 259.4	$ 0	$ 511.1

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Inventories, Net (Tables)

9 Months Ended

Sep. 30, 2013

Inventory, Net [Abstract]

Components Of Inventories

Note 6 — INVENTORIES, NET

Components of Inventories, net are as follows:

(In millions)	September 30, 2013		December 31, 2012
At FIFO cost:
Finished products	$	198.0	$	165.0
Work in process	4.1		2.4
Raw materials and supplies	139.4		77.0
Inventories, net	$	341.5	$	244.4

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Employee Separation and Plant Phase-out Costs Restructuring and related activities (Tables)

9 Months Ended

Sep. 30, 2013

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs [Table Text Block]

The table below summarizes restructuring activity related to Spartech since the date of acquisition.

(In millions)	Long-Lived Asset Charges			Employee Separation			Other Costs			Total
Accrual balance at December 31, 2012	$	—		$	—		$	—		$	—
Charge to expense	4.8			11.6			2.1			18.5
Cash payments	—			(3.1		)	(2.1		)	(5.2		)
Non-cash utilization	(4.8		)	—			—			(4.8		)
Accrual balance at September 30, 2013	$	—		$	8.5		$	—		$	8.5

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Inventories, Net (Components Of Inventories) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Inventory, Net [Abstract]
Finished products	$ 198.0	$ 165.0
Work in process	4.1	2.4
Raw materials and supplies	139.4	77.0
Inventories, net	$ 341.5	$ 244.4

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Derivative Instruments (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value Of Derivative Financial Instruments Recorded In Condensed Consolidated Balance Sheets

The fair value of derivative financial instruments recorded in the Condensed Consolidated Balance Sheets are as follows:

	September 30, 2013
(In millions)	Notional		Other current assets
Foreign currency options	$	6.8	$	—
Foreign currency forwards	13.0		—
Total			$	—

	December 31, 2012
(In millions)	Notional		Other current assets
Foreign currency options	$	31.2	$	0.6
Foreign currency forwards	13.8		—
Total			$	0.6

Effects Of Derivative Instruments On Consolidated Statements Of Comprehensive Income

The effects of derivative instruments on our Condensed Consolidated Statements of Income are as follows:

	Three Months Ended September 30,
(In millions)	2013			2012			Location
Foreign currency options losses	$	(0.2	)	$	(0.7	)	Selling and administrative expense
Foreign currency forwards losses	(0.5		)	(0.2		)	Other expense, net

	Nine Months Ended September 30,
(In millions)	2013			2012			Location
Foreign currency options losses	$	(0.4	)	$	(0.6	)	Selling and administrative expense
Foreign currency forwards - gains	0.1			—			Other expense, net

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Business Combinations Business Aquisition, Pro Forma (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Sales Revenue, Goods, Net	$ 1,008.9	$ 707.7	$ 2,847.6	$ 2,209.8
Income (Loss) from Continuing Operations Attributable to Parent	23.0	19.4	72.3	53.1
Spartech [Member]
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Sales		989.5	3,065.6	3,069.7
Net income from continuing operations		$ 21.4	$ 73.8	$ 57.9

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Weighted-Average Shares Used In Computing Earnings Per Share (Schedule Of Weighted-Average Shares Used In Computing Earnings Per Share) (Details) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Earnings Per Share [Abstract]
Weighted-average shares outstanding - basic	96.7	88.8	95.4	89.0
Plus dilutive impact of stock options and awards	1.4	1.4	1.0	1.1
Weighted-average shares - diluted	98.1	90.2	96.4	90.1

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Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Components Of Debt

Debt consists of the following instruments:

(Dollars in millions)	September 30, 2013		December 31, 2012 (1)
7.500% debentures due 2015	$	48.7	$	50.0
Senior secured term loan due 2017	—		294.5
7.375% senior notes due 2020	316.6		360.0
5.250% senior notes due 2023	600.0		—
Other debt	22.4		2.4
Total long-term debt	987.7		706.9
Less current portion	9.9		3.8
Total long-term debt, net of current portion	$	977.8	$	703.1

(1) Book values include unamortized discounts, as applicable.

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Goodwill And Intangible Assets (Schedule Of Indefinite And Finite-Lived Intangible Assets) (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Indefinite And Finite-Lived Intangible Assets [Line Items]
Intangible assets total, Acquisition Cost	$ 430.0	$ 386.0
Finite-lived intangible assets, Accumulated Amortization	(59.6)	(46.6)
Intangible assets, Currency Translation	0.4	0.6
Finite-lived intangible assets, Net	370.8	340.0
Customer relationships [Member]
Indefinite And Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Acquisition Cost	190.4	173.1
Finite-lived intangible assets, Accumulated Amortization	(32.0)	(25.7)
Finite-lived intangible assets, Currency Translation	0.3	0.5
Finite-lived intangible assets, Net	158.7	147.9
Sales contracts [Member]
Indefinite And Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Acquisition Cost	11.4	11.4
Finite-lived intangible assets, Accumulated Amortization	(10.8)	(10.8)
Finite-lived intangible assets, Currency Translation	0	0
Finite-lived intangible assets, Net	0.6	0.6
Patents, technology And other [Member]
Indefinite And Finite-Lived Intangible Assets [Line Items]
Finite-lived intangible assets, Acquisition Cost	128.5	89.3
Finite-lived intangible assets, Accumulated Amortization	(16.8)	(10.1)
Finite-lived intangible assets, Currency Translation	0.1	0.1
Finite-lived intangible assets, Net	111.8	79.3
Indefinite-lived trade names [Member]
Indefinite And Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, Acquisition Cost	96.3	96.3
Indefinite-lived intangible assets, Currency Translation	0	0
Finite-lived intangible assets, Net	96.3	96.3
In-process research and development [Member]
Indefinite And Finite-Lived Intangible Assets [Line Items]
Indefinite-lived intangible assets, Acquisition Cost	3.4	15.9
Indefinite-lived intangible assets, Currency Translation	0	0
Finite-lived intangible assets, Net	$ 3.4	$ 15.9

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Goodwill And Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Changes In Carrying Amount Of Goodwill By Operating Segment

Goodwill as of and for the periods ended September 30, 2013 and December 31, 2012, and changes in the carrying amount of goodwill by operating segments were as follows:

(In millions)	Global  Specialty Engineered Materials			Global Color, Additives and Inks		Designed Structures and Solutions		Performance Products  and Solutions		PolyOne Distribution		Total
Balance December 31, 2011	$	89.2		$	297.3	$	—	$	7.4	$	1.6	$	395.5
Acquisitions of businesses	10.0			0.6		—		—		—		10.6
Currency translation	(0.6		)	—		—		—		—		(0.6		)
Balance December 31, 2012	98.6			297.9		—		7.4		1.6		405.5
Acquisitions of businesses	4.3			12.8		131.8		1.5		—		150.4
Currency translation	(0.3		)	—		—		—		—		(0.3		)
Balance September 30, 2013	$	102.6		$	310.7	$	131.8	$	8.9	$	1.6	$	555.6

Schedule Of Indefinite And Finite-Lived Intangible Assets

Indefinite and finite-lived intangible assets consisted of the following:

	As of September 30, 2013
(In millions)	Acquisition Cost		Accumulated Amortization			Currency Translation		Net
Customer relationships	$	190.4	$	(32.0	)	$	0.3	$	158.7
Sales contracts	11.4		(10.8		)	—		0.6
Patents, technology and other	128.5		(16.8		)	0.1		111.8
Indefinite-lived trade names	96.3		—			—		96.3
In-process research and development	3.4		—			—		3.4
Total	$	430.0	$	(59.6	)	$	0.4	$	370.8

	As of December 31, 2012
(In millions)	Acquisition Cost		Accumulated Amortization			Currency Translation		Net
Customer relationships	$	173.1	$	(25.7	)	$	0.5	$	147.9
Sales contracts	11.4		(10.8		)	—		0.6
Patents, technology and other	89.3		(10.1		)	0.1		79.3
Indefinite-lived trade names	96.3		—			—		96.3
In-process research and development	15.9		—			—		15.9
Total	$	386.0	$	(46.6	)	$	0.6	$	340.0

The fair values of intangible assets acquired in the Spartech acquisition included in the table below were determined using an income valuation approach. The fair value of these identifiable intangible assets, useful lives and valuation methodology are as follows:

(In millions)	Fair Value		Useful Life	Valuation Method
Technology	$	27.3	7 years	Relief-from royalty
Customer Relationships	17.3		20 years	Multi-period excess earnings
	$	44.6

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Basis Of Presentation

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Basis Of Presentation

Note 1 — BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with Form 10-Q instructions and in the opinion of management contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. These interim financial statements should be read in conjunction with the financial statements and accompanying notes included in the annual report on Form 10-K for the year ended December 31, 2012 of PolyOne Corporation, as updated by PolyOne's current report on Form 8-K filed August 23, 2013. Throughout this document prior period amounts have been referred to as "adjusted", which accounts for the Resin Business being classified as a discontinued operation as well as the re-organization of segment information, as discussed below.

Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be attained in subsequent periods, or for the year ending December 31, 2013.

On March 13, 2013, pursuant to the terms and conditions of the Agreement and Plan of Merger dated October 23, 2012 (Spartech Merger Agreement), PolyOne acquired Spartech Corporation (Spartech), a supplier of sustainable plastic sheet, color and engineered materials, and packaging solutions, based in Clayton, Missouri.Spartech expands PolyOne's specialty portfolio with adjacent technologies in attractive end markets where we already participate, as well as new end markets such as aerospace and security. By combining Spartech's leading market positions in sheet, rigid barrier packaging and specialty cast acrylics with PolyOne's capabilities, we believe we can better serve our customers and accelerate growth.

On May 30, 2013, PolyOne sold its vinyl dispersion, blending and suspension resin assets (Resin Business) to Mexichem Specialty Resins Inc. (Mexichem), a wholly-owned subsidiary of Mexichem, S.A.B. de C.V., for $250.0 million cash consideration, subject to a working capital adjustment that is expected to be finalized in the fourth quarter of 2013. This sale resulted in the recognition of a pre-tax gain of $223.7 million ($138.0 million net of tax), which is reflected within the Income from discontinued operations, net of income taxes line of the Condensed Consolidated Statements of Income.

Reorganization of Segment Information

As a result of the acquisition of Spartech, we created a new segment. Spartech's former Custom Sheet and Rollstock and Packaging Technology businesses are reported within this new segment referred to as "Designed Structures and Solutions", and the remaining Spartech businesses are being split among PolyOne's existing Global Specialty Engineered Materials, Global Color, Additives and Inks and Performance Products and Solutions segments.

As a result of the sale of our Resin Business, this business has been removed from the Performance Products and Solutions segment and presented as a discontinued operation. Additionally, our Specialty Coatings business, which was previously included in the Performance Products and Solutions segment, is now included within the Global Color, Additives and Inks segment. Historical segment information has been retrospectively adjusted to reflect these changes. See Note 12,Segment Information for further information.

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Discontinued Operations

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

Note 3 — DISCONTINUED OPERATIONS

On May 30, 2013, PolyOne sold its Resin Business to Mexichem for $250.0 million cash consideration, subject to a working capital adjustment that is expected to be finalized in the fourth quarter of 2013. We do not expect the working capital adjustment to have a material impact on our financial statements. This sale resulted in the recognition of a pre-tax gain of $223.7 million ($138.0 million net of tax), which is reflected within the Income from discontinued operations, net of income taxes line of the Condensed Consolidated Statements of Income.

PolyOne has classified the Resin Business assets and liabilities as held-for-sale for periods prior to disposition in the accompanying Condensed Consolidated Balance Sheets and has classified the Resin Business operating results and the gain on sale, net of tax, as discontinued operations in the accompanying Condensed Consolidated Statements of Income for all periods presented. Previously, the Resin Business was included in the Performance Products and Solutions segment. The Resin Business' sales, income before income taxes and income from discontinued operations, net of income taxes were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2013			2012			2013*			2012
Sales	$	—		$	32.5		$	55.3		$	103.5
Gain on sale	$	0.1		$	—		$	223.7		$	—
Income from operations	—			7.0			12.2			24.2
Income before taxes	0.1			7.0			235.9			24.2
Income tax expense	(0.3		)	(2.4		)	(89.7		)	(8.5		)
Income from discontinued operations, net of income taxes	$	(0.2	)	$	4.6		$	146.2		$	15.7

* Includes the Resin Business' operating results through May 29, 2013.

The following table summarizes the assets and liabilities of the Resin Business as of December 31, 2012:

(In millions)	December 31, 2012
Assets:
Accounts receivable, net	$	8.8
Inventories, net	8.2
Property, net	21.7
Other assets	0.6
Assets held-for-sale	$	39.3
Liabilities:
Accounts payable	$	15.8
Accrued expenses	2.2
Liabilities held-for-sale	$	18.0

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Inventories, Net

9 Months Ended

Sep. 30, 2013

Inventory, Net [Abstract]

Inventories, Net

Note 6 — INVENTORIES, NET

Components of Inventories, net are as follows:

(In millions)	September 30, 2013		December 31, 2012
At FIFO cost:
Finished products	$	198.0	$	165.0
Work in process	4.1		2.4
Raw materials and supplies	139.4		77.0
Inventories, net	$	341.5	$	244.4

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Goodwill And Intangible Assets

9 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets

Note 4 — GOODWILL AND INTANGIBLE ASSETS

Goodwill as of and for the periods ended September 30, 2013 and December 31, 2012, and changes in the carrying amount of goodwill by operating segments were as follows:

(In millions)	Global  Specialty Engineered Materials			Global Color, Additives and Inks		Designed Structures and Solutions		Performance Products  and Solutions		PolyOne Distribution		Total
Balance December 31, 2011	$	89.2		$	297.3	$	—	$	7.4	$	1.6	$	395.5
Acquisitions of businesses	10.0			0.6		—		—		—		10.6
Currency translation	(0.6		)	—		—		—		—		(0.6		)
Balance December 31, 2012	98.6			297.9		—		7.4		1.6		405.5
Acquisitions of businesses	4.3			12.8		131.8		1.5		—		150.4
Currency translation	(0.3		)	—		—		—		—		(0.3		)
Balance September 30, 2013	$	102.6		$	310.7	$	131.8	$	8.9	$	1.6	$	555.6

Indefinite and finite-lived intangible assets consisted of the following:

	As of September 30, 2013
(In millions)	Acquisition Cost		Accumulated Amortization			Currency Translation		Net
Customer relationships	$	190.4	$	(32.0	)	$	0.3	$	158.7
Sales contracts	11.4		(10.8		)	—		0.6
Patents, technology and other	128.5		(16.8		)	0.1		111.8
Indefinite-lived trade names	96.3		—			—		96.3
In-process research and development	3.4		—			—		3.4
Total	$	430.0	$	(59.6	)	$	0.4	$	370.8

	As of December 31, 2012
(In millions)	Acquisition Cost		Accumulated Amortization			Currency Translation		Net
Customer relationships	$	173.1	$	(25.7	)	$	0.5	$	147.9
Sales contracts	11.4		(10.8		)	—		0.6
Patents, technology and other	89.3		(10.1		)	0.1		79.3
Indefinite-lived trade names	96.3		—			—		96.3
In-process research and development	15.9		—			—		15.9
Total	$	386.0	$	(46.6	)	$	0.6	$	340.0

The fair values of intangible assets acquired in the Spartech acquisition included in the table below were determined using an income valuation approach. The fair value of these identifiable intangible assets, useful lives and valuation methodology are as follows:

(In millions)	Fair Value		Useful Life	Valuation Method
Technology	$	27.3	7 years	Relief-from royalty
Customer Relationships	17.3		20 years	Multi-period excess earnings
	$	44.6

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Discontinued Operations (Details) (USD $) In Millions, unless otherwise specified	0 Months Ended	3 Months Ended		9 Months Ended
	May 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Gain on sale					$ 0
Income from discontinued operations, net of income taxes		(0.2)	4.6	146.2	15.7
Resin Business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from divestiture of business	250.0
Gain on sale, net of tax	138.0
Disposal Group, Including Discontinued Operation, Income Statement Disclosures [Abstract]
Sales			32.5	55.3	103.5
Gain on sale	223.7	0.1	0	223.7
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax		0	7.0	12.2	24.2
Income before income taxes		0.1	7.0	235.9	24.2
Income tax expense		(0.3)	(2.4)	(89.7)	(8.5)
Income from discontinued operations, net of income taxes		(0.2)	4.6	146.2	15.7
Disposal Group, Including Discontinued Operation, Unclassified Balance Sheet Disclosures [Abstract]
Accounts receivable, net						8.8
Inventories, net						8.2
Property, net						21.7
Other assets						0.6
Assets held-for-sale						39.3
Accounts payable						15.8
Accrued expenses						2.2
Liabilities held-for-sale						$ 18.0

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Property, Net (Tables)

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Components Of Property, Net

Components of Property, net are as follows:

(In millions)	September 30, 2013			December 31, 2012
Land and land improvements	$	52.7		$	34.7
Buildings	315.0			241.4
Machinery and equipment	1,066.6			844.5
Property, gross	1,434.3			1,120.6
Less accumulated depreciation and amortization	(789.9		)	(734.8		)
Property, net	$	644.4		$	385.8

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Segment Information (Tables)

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Schedule Of Segment Information

Segment information for the three and nine months endedSeptember 30, 2013 and 2012 is as follows:

	Three Months Ended September 30, 2013								Adjusted Three Months Ended September 30, 2012
(In millions)	Sales to External Customers		Total Sales			Operating Income			Sales to External Customers		Total Sales			Operating Income
Global Specialty Engineered Materials	$	177.4	$	188.8		$	15.7		$	126.9	$	136.6		$	13.1
Global Color, Additives and Inks	216.4		219.0			28.7			190.5		191.1			18.6
Designed Structures and Solutions	187.4		187.8			10.9			—		—			—
Performance Products and Solutions	155.2		176.1			14.3			137.5		156.3			12.3
PolyOne Distribution	272.5		275.0			16.6			252.8		254.4			16.4
Corporate and eliminations	—		(37.8		)	(24.6		)	—		(30.7		)	(16.9		)
Total	$	1,008.9	$	1,008.9		$	61.6		$	707.7	$	707.7		$	43.5

	Nine Months Ended September 30, 2013								Adjusted Nine Months Ended September 30, 2012
(In millions)	Sales to External Customers		Total Sales			Operating Income			Sales to External Customers		Total Sales			Operating Income
Global Specialty Engineered Materials	$	507.1	$	540.8		$	48.2		$	385.0	$	417.5		$	37.7
Global Color, Additives and Inks	648.9		653.7			83.4			603.4		605.0			62.6
Designed Structures and Solutions	427.1		428.2			21.4			—		—			—
Performance Products and Solutions	452.8		512.8			41.8			437.8		492.3			31.6
PolyOne Distribution	811.7		818.1			49.7			783.6		788.0			49.8
Corporate and eliminations	—		(106.0		)	(61.7		)	—		(93.0		)	(57.5		)
Total	$	2,847.6	$	2,847.6		$	182.8		$	2,209.8	$	2,209.8		$	124.2

	Total Assets
(In millions)	September 30, 2013		December 31, 2012
Global Specialty Engineered Materials	$	476.9	$	396.6
Global Color, Additives and Inks	963.2		901.7
Designed Structures and Solutions	556.9		—
Performance Products and Solutions	237.2		205.4
PolyOne Distribution	225.4		212.9
Corporate and eliminations	483.5		411.4
Total assets	$	2,943.1	$	2,128.0

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Business Combinations Narrative (Details) (USD $) In Millions, except Share data, unless otherwise specified	3 Months Ended		9 Months Ended		0 Months Ended		3 Months Ended		9 Months Ended	1 Months Ended	12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 13, 2013 Spartech [Member]	Nov. 03, 2012 Spartech [Member]	Sep. 30, 2013 Spartech [Member]	Sep. 30, 2013 Various Spartech Businesses [Member]	Sep. 30, 2013 Various Spartech Businesses [Member]	Dec. 19, 2012 Glasforms, Inc. [Member]	Dec. 31, 2012 Glasforms, Inc. [Member]	Sep. 30, 2013 Glasforms, Inc. [Member]	Sep. 30, 2013 Senior Notes [Member] 5.250% Senior Notes Due 2023 [Member]	Feb. 28, 2013 Senior Notes [Member] 5.250% Senior Notes Due 2023 [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross										$ 1.2
Cash Acquired from Acquisition					4.1
Revenue reported by acquired entity for last annual period						1,149.4
Net income from continuing operations						2.7
Business acquisition, aggregate consideration transferred for each common share					$ 2.67
Exchange ratio					0.3167
Cash consideration transferred to Spartech Shareholders					83.4
PolyOne shares issued					10,000,000
Stated interest rate					7.08%								5.25%	5.25%
Sales								260.8	593.0
Fair value of Spartech equity awards, net of deferred tax benefits					2.4
Fair Value of Spartech Equity Awards, before deferred tax benefits					3.9
Deferred tax benefit					1.5
Vested in period, total fair value					2.7
Line of Credit Facility, Decrease, Repayments					77.2
Early repayment of senior debt					102.3
Business acquisition, repayment of senior notes.					88.9		88.9
Make-whole provision					10.3
Interest payable					3.1
Sales	1,008.9	707.7	2,847.6	2,209.8							51.1
Business Combination, Consideration Transferred					335.7					34.3
Goodwill							148.2					12.8
Amortizable intangible assets							44.6					10.7
Acquisition related costs			7.2
Goodwill, Purchase Accounting Adjustments							$ 5.5

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Commitments And Contingencies (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended			1 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Feb. 28, 2011 Sunbelt [Member]	Sep. 30, 2013 Sunbelt [Member]
Schedule of Equity Method Investments [Line Items]
Expense related to environmental activities	$ 8.6	$ 9.7
Proceeds from insurance recoveries	20.1	0.1
Accrued probable future environmental expenditures	76.5		75.4
Proceeds from Legal Settlements	7.0
Equity interest sold, percentage				50.00%
Consideration received on transaction				132.3
Net amount at risk by product and guarantee				42.7
Guarantee assumed By acquirer					$ 30.5

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Weighted-Average Shares Used In Computing Earnings Per Share (Narrative) (Details) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended		3 Months Ended	9 Months Ended		3 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 31, 2013 SARs [Member]	Sep. 30, 2013 SARs [Member]	Sep. 30, 2013 SARs [Member] Vests Rateably over Three Years [Member]	Mar. 31, 2013 Contingently Issuable Shares [Member]
Weighted-Average Shares Used In Computing Earnings Per Share[Line Items]
Antidilutive securities excluded from computation of EPS	0.2	0.5	0.6	1.0
Stock Issued During Period, Shares, Restricted Stock Award, Gross					0.5
Shares granted under stock appreciation rights (SARs) and Performance Incentive plan								0.2
Award vesting rights percentage							33.33%
Vesting period						3 years

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Employee Separation and Plant Phase-out Costs Employee Seperation and Plant Phaseout Costs (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended						3 Months Ended	9 Months Ended				0 Months Ended
	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013 Patents [Member]	Sep. 30, 2013 Cost of Goods, Total [Member]	Sep. 30, 2013 Selling, General and Administrative Expenses [Member]	Sep. 30, 2013 Business Acquisition, Acquiree [Domain]	Sep. 30, 2013 north american realignment [Member]	Sep. 30, 2013 north american realignment [Member]	Sep. 30, 2013 Spartech [Member]	Sep. 30, 2013 Various Spartech Businesses [Member]	Sep. 30, 2013 Parent Company [Member]	Jul. 10, 2013 Minimum [Member]	Jul. 10, 2013 Maximum [Member]
Restructuring Cost and Reserve [Line Items]
Spartech Restructuring, time period													12 months	18 months
Restructuring and Related Cost, Expected Cost									$ 35.0
Payments for Restructuring							(2.1)		20.0	(5.2)
Restructuring Costs and Asset Impairment Charges		(4.8)							15.0	(4.8)
Severance Costs	1.3	11.6	10.5					1.8		9.8
Other Restructuring Costs		6.9								2.1	5.1
Restructuring Charges		4.8	0	23.7	4.8	18.9				18.5		5.2
Severance Cash Payment		(3.1)
Restructuring Reserve, Accelerated Depreciation								1.8
Restructuring Reserve		$ 8.5

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Consolidated Statements Of Comprehensive Income (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statement of Other Comprehensive Income [Abstract]
Net Income	$ 22.8	$ 24.0	$ 218.5	$ 68.8
Other comprehensive income
Translation adjustment	7.7	4.2	(3.0)	(1.2)
Amortization of prior service credits, net of tax	0	(2.7)	0	(8.2)
Total comprehensive income	30.5	25.5	215.5	59.4
Comprehensive loss attributable to noncontrolling interests	0.2	0	0.7	0
Comprehensive income attributable to PolyOne common shareholders	$ 30.7	$ 25.5	$ 216.2	$ 59.4

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Weighted-Average Shares Used In Computing Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Weighted-Average Shares Used In Computing Earnings Per Share

Note 9 — WEIGHTED-AVERAGE SHARES USED IN COMPUTING EARNINGS PER SHARE 

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2013	2012	2013	2012
Weighted-average shares outstanding – basic	96.7	88.8	95.4	89.0
Plus dilutive impact of stock options and awards	1.4	1.4	1.0	1.1
Weighted-average shares – diluted	98.1	90.2	96.4	90.1

For the three months ended September 30, 2013 and 2012, 0.2 million and 0.5 million of equity-based awards, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

For the nine months ended September 30, 2013 and 2012, 0.6 million and 1.0 million of equity-based awards, respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

During the first quarter of 2013, 0.5 million stock appreciation rights were granted under the PolyOne Corporation 2010 Equity and Performance Incentive Plan. These awards vest in one-third increments annually over a three-year service period and upon the achievement of certain stock price targets. Because not all market conditions were met as of September 30, 2013, 0.2 million of the awards were excluded from the calculation of earnings per share.

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Condensed Consolidated Statements Of Cash Flows (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Operating Activities
Net Income	$ 218.5	$ 68.8
Adjustments to reconcile net income to net cash used by operating activities:
Depreciation and amortization	71.3	52.8
Restructuring - asset related charges	4.8	0
Debt Extinguishment Costs	15.8	0
Provision for doubtful accounts	0.5	0.7
Stock based compensation expense	13.2	7.8
Gain on Sale of Business	(223.7)	0
Change in assets and liabilities, net of effect of acquisitions:
Increase in accounts receivable	(50.8)	(54.2)
Decrease (increase) in inventories	21.5	(14.3)
(Decrease) Increase in accounts payable	(2.8)	30.3
Decrease in pension and other post-retirement benefits	(76.9)	(30.6)
Increase in accrued expenses and other	3.8	25.6
Net cash (used) by operating activities	(4.8)	86.9
Investing Activities
Capital expenditures	(41.8)	(33.0)
Business acquisitions, net of cash acquired	(259.4)	0
Proceeds from sale of equity affiliate and other assets	274.7	18.9
Net cash used by investing activities	(26.5)	(14.1)
Financing Activities
Repayment of long-term debt	(341.7)	(2.3)
Premium on early extinguishment of long-term debt	(4.6)	0
Proceeds from long-term debt	600.0	0
Debt financing costs	(13.0)	0
Borrowings under credit facilities	126.2	0
Repayments under credit facilities	(117.5)	0
Purchase of common shares for treasury	(95.7)	(15.9)
Exercise of stock awards	5.2	11.7
Cash dividends paid	(15.7)	(12.5)
Proceeds from noncontrolling interests	0	2.4
Net cash provided (used) by financing activities	143.2	(16.6)
Effect of exchange rate changes on cash	0.9	0.6
Increase in cash and cash equivalents	112.8	56.8
Cash and cash equivalents at beginning of period	210.0	191.9
Cash and cash equivalents at end of period	$ 322.8	$ 248.7

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Derivative Instruments (Fair Value Of Derivative Financial Instruments Recorded In Condensed Consolidated Balance Sheets) (Details) (USD $) In Millions, unless otherwise specified							3 Months Ended		9 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013 Foreign currency options [Member]	Dec. 31, 2012 Foreign currency options [Member]	Sep. 30, 2013 Foreign currency forwards [Member]	Dec. 31, 2012 Foreign currency forwards [Member]	Sep. 30, 2013 Selling and administrative expense [Member] Foreign currency options [Member]	Sep. 30, 2012 Selling and administrative expense [Member] Foreign currency options [Member]	Sep. 30, 2013 Selling and administrative expense [Member] Foreign currency options [Member]	Sep. 30, 2012 Selling and administrative expense [Member] Foreign currency options [Member]	Sep. 30, 2013 Other Expense Net [Member] Foreign currency forwards [Member]	Sep. 30, 2012 Other Expense Net [Member] Foreign currency forwards [Member]	Sep. 30, 2013 Other Expense Net [Member] Foreign currency forwards [Member]	Sep. 30, 2012 Other Expense Net [Member] Foreign currency forwards [Member]
Derivatives, Fair Value [Line Items]
Notional			$ 6.8	$ 31.2	$ 13.0	$ 13.8
Other Current Assets	0	0.6	0	0.6	0	0
Gain/(loss) recognized in income							$ (0.2)	$ (0.7)	$ (0.4)	$ (0.6)	$ (0.5)	$ (0.2)	$ 0.1	$ 0

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Condensed Consolidated Statements Of Income (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Income Statement [Abstract]
Sales	$ 1,008.9	$ 707.7	$ 2,847.6	$ 2,209.8
Cost of sales	827.6	572.6	2,300.3	1,798.4
Gross margin	181.3	135.1	547.3	411.4
Selling and administrative expense	119.7	91.6	364.6	287.6
Income related to previously owned equity affiliates	0	0	0.1	0.4
Operating income	61.6	43.5	182.8	124.2
Interest expense, net	(16.0)	(12.4)	(48.2)	(37.1)
Debt Extinguishment Costs	(5.2)	0	(15.8)	0
Other (expense) income, net	(1.6)	(0.5)	(1.4)	(2.7)
Income from Continuing Operations before Income Taxes	38.8	30.6	117.4	84.4
Income tax expense	(15.8)	(11.2)	(45.1)	(31.3)
Net income from continuing operations	23.0	19.4	72.3	53.1
Income from discontinued operations, net of income taxes	(0.2)	4.6	146.2	15.7
Net Income	22.8	24.0	218.5	68.8
Net loss attributable to noncontrolling interests	0.2	0	0.7	0
Net income attributable to PolyOne common shareholders	$ 23.0	$ 24.0	$ 219.2	$ 68.8
Earnings per common share attributable to PolyOne common shareholders - Basic:
Continuing operations, basic (in dollars per share)	$ 0.24	$ 0.22	$ 0.77	$ 0.60
Discontinued operations, basic (in dollars per share)	$ 0.00	$ 0.05	$ 1.53	$ 0.17
Total, basic (in dollars per share)	$ 0.24	$ 0.27	$ 2.30	$ 0.77
Earnings per common share attributable to PolyOne common shareholders - Diluted:
Continuing operations, diluted (in dollars per share)	$ 0.24	$ 0.22	$ 0.76	$ 0.59
Discontinued operations, diluted (in dollars per share)	$ 0.00	$ 0.05	$ 1.51	$ 0.17
Total, diluted (in dollars per share)	$ 0.24	$ 0.27	$ 2.27	$ 0.76
Weighted-average shares used to compute earnings per share:
Basic (in shares)	96.7	88.8	95.4	89.0
Diluted (in shares)	98.1	90.2	96.4	90.1
Cash dividends declared per common share (in dollars per share)	$ 0.06	$ 0.05	$ 0.18	$ 0.15

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Employee Benefit Plans (Components Of Net Period Benefit Costs) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Defined Benefit Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 0.4	$ 0.3	$ 1.2	$ 1.1
Interest cost	5.9	6.7	17.7	20.1
Expected return on plan assets	(9.3)	(6.9)	27.9	(20.7)
Net periodic benefit costs (gains)	(3.0)	0.1	(9.0)	0.5
Postretirement Health Care Plan Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	0.2	0.2	0.6	0.7
Amortization of prior service costs	0	(4.4)	0	(13.1)
Net periodic benefit costs (gains)	$ 0.2	$ (4.2)	$ 0.6	$ (12.4)

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Weighted-Average Shares Used In Computing Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Schedule Of Weighted-Average Shares Used In Computing Earnings Per Share

	Three Months Ended September 30,		Nine Months Ended September 30,
(In millions)	2013	2012	2013	2012
Weighted-average shares outstanding – basic	96.7	88.8	95.4	89.0
Plus dilutive impact of stock options and awards	1.4	1.4	1.0	1.1
Weighted-average shares – diluted	98.1	90.2	96.4	90.1

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Business Combinations (Tables)

9 Months Ended

Sep. 30, 2013

Spartech [Member]

Business Acquisition [Line Items]

Schedule of Purchase Price Allocation

The following table summarizes PolyOne's preliminary fair value estimates as of September 30, 2013:

(In millions)	Preliminary Allocation
Accounts receivable, net	$	139.5
Inventories, net	118.3
Other current assets	17.4
Property, net	280.5
Other non-current assets	20.2
Intangible assets, net	44.6
Goodwill	148.2
Total assets acquired	768.7
Short-term and current portion of long-term debt	0.5
Accounts payable	105.2
Accrued expenses	42.9
Long-term debt	11.0
Other non-current liabilities	98.0
Total liabilities assumed	257.6
Net assets acquired	$	511.1

Based on the closing price of PolyOne's common stock on March 13, 2013, the purchase price was comprised of the following:

(In millions, except stock price and share data)
Spartech shares outstanding	31.2
Spartech restricted stock units	0.2
Spartech shares converted	31.4
Exchange ratio	0.3167
PolyOne shares issued	10.0
PolyOne closing stock price on March 13, 2013	$	25.05
Total value of PolyOne shares issued	$	249.9
Cash consideration transferred to Spartech shareholders	83.4
Fair value of Spartech equity awards, net of deferred tax benefits (1)	2.4
Total consideration transferred to Spartech equity holders	335.7
Spartech revolving credit facilities repaid at close (2)	77.2
Spartech senior notes repaid at close  (2)	102.3
Total consideration transferred to debt and equity holders	515.2
Cash acquired	(4.1		)
Total consideration transferred to debt and equity holders, net of cash acquired	$	511.1

(1) In accordance with ASC 718, Compensation — Stock Compensation, the fair value of replacement awards attributable to pre-combination service is recognized as part of purchase consideration. The $2.4 million represents the fair value of Spartech replacement equity awards of $3.9 million net of deferred tax benefits of $1.5 million. The fair value of awards attributable to post-combination service amounted to $2.7 million and are being recognized as stock compensation over their requisite service periods within PolyOne's Condensed Consolidated Statements of Income.

(2) In accordance with the provisions of Spartech's 7.08% senior notes due 2016 and revolving credit facilities, at the time of closing, PolyOne repaid all borrowings under Spartech's revolving credit facilities, which amounted to $77.2 million. Additionally, PolyOne repaid $102.3 million related to Spartech's 7.08% senior notes due 2016, including $88.9 million of aggregated principal, $10.3 million make-whole provisions, and $3.1 million of interest payable

PolyOne and Spartech [Member]

Business Acquisition [Line Items]

Business Acquisition, Pro Forma Information

The following pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transaction occurred on the assumed date, nor is it necessarily an indication of trends in future results for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma information, cost savings from operating efficiencies, potential synergies, and the impact of incremental costs incurred in integrating the businesses.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	Actual 2013		Pro Forma 2012		Pro Forma 2013		Pro Forma 2012
Sales	$	1,008.9	$	989.5	$	3,065.6	$	3,069.7
Net income from continuing operations	$	23.0	$	21.4	$	73.8	$	57.9

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Goodwill And Intangible Assets Goodwill and Intangibles Fair Value of Spartech Intangible Assets (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 30, 2013
Finite - Intangible Technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired finite-lived intangible assets	$ 27.3
Aquired Finite-Intangible [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired finite-lived intangible assets	17.3
Spartech [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortizable intangible assets	$ 44.6
Finite-Intangible Asset Useful Life [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life	7 years
Finite-Intangible Useful Lifes [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life	20 years

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Segment Information (Schedule Of Segment Information) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Segment Reporting Information [Line Items]
Sales to External Customers	$ 1,008.9	$ 707.7	$ 2,847.6	$ 2,209.8
Total Sales	1,008.9	707.7	2,847.6	2,209.8
Operating Income	61.6	43.5	182.8	124.2
Total Assets	2,943.1		2,943.1		2,128.0
Global Specialty Engineered Materials [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	177.4	126.9	507.1	385.0
Total Sales	188.8	136.6	540.8	417.5
Operating Income	15.7	13.1	48.2	37.7
Total Assets	476.9		476.9		396.6
Global Color, Additives And Inks [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	216.4	190.5	648.9	603.4
Total Sales	219.0	191.1	653.7	605.0
Operating Income	28.7	18.6	83.4	62.6
Total Assets	963.2		963.2		901.7
Designed Structures and Solutions [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	187.4	0	427.1	0
Total Sales	187.8	0	428.2	0
Operating Income	10.9	0	21.4	0
Total Assets	556.9		556.9		0
Performance Products And Solutions [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	155.2	137.5	452.8	437.8
Total Sales	176.1	156.3	512.8	492.3
Operating Income	14.3	12.3	41.8	31.6
Total Assets	237.2		237.2		205.4
PolyOne Distribution [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	272.5	252.8	811.7	783.6
Total Sales	275.0	254.4	818.1	788.0
Operating Income	16.6	16.4	49.7	49.8
Total Assets	225.4		225.4		212.9
Corporate And eliminations [Member]
Segment Reporting Information [Line Items]
Sales to External Customers	0	0	0	0
Total Sales	(37.8)	(30.7)	(106.0)	(93.0)
Operating Income	(24.6)	(16.9)	(61.7)	(57.5)
Total Assets	$ 483.5		$ 483.5		$ 411.4

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Business Combinations PolyOne's preliminary estimates of the fair value as of June 30, 2013 (Details) (Spartech [Member], USD $) In Millions, unless otherwise specified	Sep. 30, 2013
Spartech [Member]
Business Acquisition [Line Items]
Accounts receivable, net	$ 139.5
Inventories, net	118.3
Other current assets	17.4
Property, net	280.5
Other non-current assets	20.2
Intangible assets, net	44.6
Goodwill	148.2
Total assets acquired	768.7
Short-term and current portion of long-term debt	0.5
Accounts payable	105.2
Accrued expenses	42.9
Long-term debt	11.0
Other non-current liabilities	98.0
Total Liabilities assumed	257.6
Net assets acquired	$ 511.1

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Equity (Tables)

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Schedule Of Changes In Equity

Changes in equity for the nine months ended September 30, 2013 and September 30, 2012 are as follows:

(In millions)	PolyOne Shareholders' Equity			Noncontrolling Interests			Total Equity
Balance at December 31, 2012	$	629.1		$	2.3		$	631.4
Net income	219.2			(0.7		)	218.5
Other comprehensive income
Translation adjustment	(3.0		)	—			(3.0		)
Total comprehensive income	216.2			(0.7		)	215.5
Cash dividend declared	(16.9		)	—			(16.9		)
Issuance of common shares in connection to the Spartech acquisition	253.8			—			253.8
Repurchase of common shares	(95.7		)	—			(95.7		)
Stock incentive plan activity	8.1			—			8.1
Noncontrolling interest activity	—			0.4			0.4
Balance at September 30, 2013	$	994.6		$	2.0		$	996.6
Balance at December 31, 2011	$	588.3		$	—		$	588.3
Net income	68.8			—			68.8
Other comprehensive income
Translation adjustment	(1.2		)	—			(1.2		)
Amortization of prior service credits, net of $4.9 tax	(8.2		)	—			(8.2		)
Total comprehensive income	59.4			—			59.4
Cash dividend declared	(13.3		)	—			(13.3		)
Repurchase of common shares	(15.9		)	—			(15.9		)
Stock incentive plan activity	10.8			—			10.8
Noncontrolling interest activity	—			2.4			2.4
Balance at September 30, 2012	$	629.3		$	2.4		$	631.7

Schedule of Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive loss year-to-date as of September 30, 2013 and 2012 were as follows:

(In millions)	Cumulative Translation Adjustment			Pension and Other Post-Retirement Benefits			Unrealized Gain in Available-for-Sale Securities		Total
Balance at January 1, 2013	$	(16.5	)	$	5.2		$	0.2	$	(11.1	)
Translation adjustments	(3.0		)	—			—		(3.0		)
Balance at September 30, 2013	$	(19.5	)	$	5.2		$	0.2	$	(14.1	)
Balance at January 1, 2012	$	(17.6	)	$	16.1		$	0.2	$	(1.3	)
Translation adjustments	(1.2		)	—			—		(1.2		)
Prior service credits recognized during the year, net of tax of $4.9	—			(8.2		)	—		(8.2		)
Balance at September 30, 2012	$	(18.8	)	$	7.9		$	0.2	$	(10.7	)

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Basis Of Presentation Basis of Presentation (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	0 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2012	May 30, 2013 Resin Business [Member]	Sep. 30, 2013 Resin Business [Member]	Sep. 30, 2012 Resin Business [Member]	Sep. 30, 2013 Resin Business [Member]
Business Divestiture [Line Items]
Proceeds from divestiture of business		$ 250.0
Gain on sale before tax	0	223.7	0.1	0	223.7
Gain on sale, net of tax		$ 138.0

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Income Taxes

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Note 8 — INCOME TAXES

Income tax expense from continuing operations was $15.8 million for the third quarter of 2013 compared to $11.2 million in the third quarter of 2012. Income tax expense from continuing operations was $45.1 million for the nine months ended September 30, 2013 compared to $31.3 million for the nine months ended September 30, 2012. These income tax increases were driven primarily by increased earnings in 2013, with a shift in earnings to the United States driven by the acquisitions of Spartech and Glasforms, which have earnings primarily in the United States.

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Employee Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2013

Defined Benefit Pension Plan [Member]

Defined Benefit Plan Disclosure [Line Items]

Components Of Net Period Benefit Costs

Components of defined benefit pension plan (gains) costs are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2013			2012			2013			2012
Service cost	$	0.4		$	0.3		$	1.2		$	1.1
Interest cost	5.9			6.7			17.7			20.1
Expected return on plan assets	(9.3		)	(6.9		)	(27.9		)	(20.7		)
Net periodic benefit (gains) costs	$	(3.0	)	$	0.1		$	(9.0	)	$	0.5

Postretirement Health Care Plan Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Components Of Net Period Benefit Costs

Components of post-retirement health care plan benefit costs (gains) are as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
(In millions)	2013		2012			2013		2012
Interest cost	$	0.2	$	0.2		$	0.6	$	0.7
Amortization of prior service costs	—		(4.4		)	—		(13.1		)
Net periodic benefit costs (gains)	$	0.2	$	(4.2	)	$	0.6	$	(12.4	)

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Goodwill And Intangible Assets (Goodwill And Changes In Carrying Amount Of Goodwill By Operating Segment) (Details) (USD $) In Millions, unless otherwise specified	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Goodwill [Roll Forward]
Balance, beginning of period	$ 405.5	$ 395.5
Acquisitions of businesses	150.4	10.6
Currency translation	(0.3)	(0.6)
Balance, end of period	555.6	405.5
Global Specialty Engineered Materials [Member]
Goodwill [Roll Forward]
Balance, beginning of period	98.6	89.2
Acquisitions of businesses	4.3	10.0
Currency translation	(0.3)	(0.6)
Balance, end of period	102.6	98.6
Global Color, Additives And Inks [Member]
Goodwill [Roll Forward]
Balance, beginning of period	297.9	297.3
Acquisitions of businesses	12.8	0.6
Currency translation	0	0
Balance, end of period	310.7	297.9
Designed Structures and Solutions [Member]
Goodwill [Roll Forward]
Balance, beginning of period	0	0
Acquisitions of businesses	131.8	0
Currency translation	0	0
Balance, end of period	131.8	0
Performance Products And Solutions [Member]
Goodwill [Roll Forward]
Balance, beginning of period	7.4	7.4
Acquisitions of businesses	1.5	0
Currency translation	0	0
Balance, end of period	8.9	7.4
PolyOne Distribution [Member]
Goodwill [Roll Forward]
Balance, beginning of period	1.6	1.6
Acquisitions of businesses	0	0
Currency translation	0	0
Balance, end of period	$ 1.6	$ 1.6

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Financing Arrangements

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Financing Arrangements

Note 11 — FINANCING ARRANGEMENTS

Debt consists of the following instruments:

(Dollars in millions)	September 30, 2013		December 31, 2012 (1)
7.500% debentures due 2015	$	48.7	$	50.0
Senior secured term loan due 2017	—		294.5
7.375% senior notes due 2020	316.6		360.0
5.250% senior notes due 2023	600.0		—
Other debt	22.4		2.4
Total long-term debt	987.7		706.9
Less current portion	9.9		3.8
Total long-term debt, net of current portion	$	977.8	$	703.1

(1) Book values include unamortized discounts, as applicable.

During the third quarter of 2013, we repurchased $43.4 million aggregate principal amount of our 7.375% senior notes due 2020 and $1.3 million aggregate principal amount of our 7.50% debentures due 2015. We recognized $5.2 million of debt extinguishment costs within the Debt extinguishment costs line in our Condensed Consolidated Statements of Income in the third quarter of 2013, in connection with such repurchases.

On February 28, 2013, PolyOne issued $600.0 million aggregate principal amount of senior notes, which mature on March 15, 2023. The senior notes bear an interest rate of 5.25% per year, payable semi-annually, in arrears, on March 15 and September 15 of each year, which commenced on September 15, 2013.We used a portion of the net proceeds of the offering to pay the cash portion of the Spartech acquisition, and to repay certain Spartech debt, including the $88.9 million aggregate principal amount of its senior notes due 2016 and related interest and make-whole payments totaling $13.4 million and all outstanding amounts under its revolving credit facility. We also used a portion of these net proceeds to make a voluntary $50.0 million contribution to our U.S. qualified defined benefit plan and to repay the outstanding principal amount of $297.0 million under our senior secured term loan.

Debt extinguishment costs of $10.6 million related to the early retirement of our senior secured term loan included $8.2 million of deferred financing cost write-offs and $2.4 million of discount write-offs. These costs are presented within the Debt extinguishment costs line in our Condensed Consolidated Statements of Income. As a result of the issuance of our 2023 senior notes, the bridge financing commitment that provided for borrowings of $250.0 million obtained at the time of the announced acquisition of Spartech expired. We recognized $1.9 million of deferred financing costs within Interest expense, net within the Condensed Consolidated Statements of Income in the first quarter of 2013, related to this committed financing arrangement.

On March 1, 2013, the agreement governing our $300.0 millionfive-year senior secured revolving credit facility was amended and restated. The amendment and restatement resulted in an increase in commitments of $100.0 million for a maximum borrowing facility size of $400.0 million, subject to a borrowing base with advances against certain U.S. and Canadian accounts receivable and inventory. We have the option to increase the availability under the facility to $450.0 million, subject to meeting certain requirements and obtaining commitments for such increase. In connection with the amendment and restatement, we also extended the maturity date to March 1, 2018. As of September 30, 2013, we were in compliance with all covenants, had no outstanding borrowings and had availability of $307.8 million under this facility.

On October 2, 2012, the Company entered into a credit line with Saudi Hollandi Bank for $10.7 million, with an interest rate equal to the Saudi Arabia Interbank Offered Rate (SAIBOR) plus a fixed rate of 0.85%. The credit line is being used to fund capital expenditures related to the manufacturing facility in Jeddah, Saudi Arabia and is subject to an annual renewal. In 2013, the Company renewed the credit line with Saudi Hollandi Bank. As of September 30, 2013, borrowings under the credit line were $9.1 million with an interest rate of 1.85%.

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Property, Net

9 Months Ended

Sep. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Net

Note 7 — PROPERTY, NET

Components of Property, net are as follows:

(In millions)	September 30, 2013			December 31, 2012
Land and land improvements	$	52.7		$	34.7
Buildings	315.0			241.4
Machinery and equipment	1,066.6			844.5
Property, gross	1,434.3			1,120.6
Less accumulated depreciation and amortization	(789.9		)	(734.8		)
Property, net	$	644.4		$	385.8

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Business Combinations

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Business Combinations

Note 2 — BUSINESS COMBINATIONS

Spartech Corporation

On March 13, 2013, pursuant to the terms and conditions of the Spartech Merger Agreement, PolyOne acquired Spartech, a supplier of sustainable plastic sheet, color and engineered materials, and packaging solutions, based in Clayton, Missouri, with 2012 sales of $1,149.4 million and net income from continuing operations of $2.7 million.

At the effective time of the merger, each issued and outstanding share of Spartech common stock was canceled and converted into the right to receive consideration equal to $2.67 in cash and 0.3167 shares of PolyOne common stock. PolyOne paid $83.4 million in cash and issued approximately 10.0 million shares of its common stock to Spartech's stockholders. PolyOne funded the cash portion of the consideration, and the repayment of certain portions of Spartech's debt, with a portion of the net proceeds of its issuance of 5.25% senior notes due 2023, discussed in Note 11,Financing Arrangements.

PolyOne's management believes that the acquisition of Spartech will provide substantial synergies through enhanced operational cost efficiencies and will expand PolyOne's specialty portfolio. By combining Spartech's leading market positions in sheet, rigid barrier packaging and specialty cast acrylics with PolyOne's capabilities, we believe that we can better serve our customers and accelerate growth.

Spartech's results have been reflected within our Condensed Consolidated Statements of Income and within our newly created segment Designed Structures and Solutions, as well as our existing Global Specialty Engineered Materials, Global Color, Additives and Inks and Performance Products and Solutions segments since the date of acquisition. Sales of former Spartech businesses included in our three and nine months ended September 30, 2013 results were $260.8 million and $593.0 million, respectively.

Based on the closing price of PolyOne's common stock on March 13, 2013, the purchase price was comprised of the following:

(In millions, except stock price and share data)
Spartech shares outstanding	31.2
Spartech restricted stock units	0.2
Spartech shares converted	31.4
Exchange ratio	0.3167
PolyOne shares issued	10.0
PolyOne closing stock price on March 13, 2013	$	25.05
Total value of PolyOne shares issued	$	249.9
Cash consideration transferred to Spartech shareholders	83.4
Fair value of Spartech equity awards, net of deferred tax benefits (1)	2.4
Total consideration transferred to Spartech equity holders	335.7
Spartech revolving credit facilities repaid at close (2)	77.2
Spartech senior notes repaid at close  (2)	102.3
Total consideration transferred to debt and equity holders	515.2
Cash acquired	(4.1		)
Total consideration transferred to debt and equity holders, net of cash acquired	$	511.1

(1) In accordance with ASC 718, Compensation — Stock Compensation, the fair value of replacement awards attributable to pre-combination service is recognized as part of purchase consideration. The $2.4 million represents the fair value of Spartech replacement equity awards of $3.9 million net of deferred tax benefits of $1.5 million. The fair value of awards attributable to post-combination service amounted to $2.7 million and are being recognized as stock compensation over their requisite service periods within PolyOne's Condensed Consolidated Statements of Income.

(2) In accordance with the provisions of Spartech's 7.08% senior notes due 2016 and revolving credit facilities, at the time of closing, PolyOne repaid all borrowings under Spartech's revolving credit facilities, which amounted to $77.2 million. Additionally, PolyOne repaid $102.3 million related to Spartech's 7.08% senior notes due 2016, including $88.9 million of aggregated principal, $10.3 million make-whole provisions, and $3.1 million of interest payable.

The acquisition of Spartech has been accounted for using the acquisition method of accounting, which requires, among other things, the assets acquired and liabilities assumed be recognized at their respective fair values as of the acquisition date. During the third quarter of 2013, we continued to refine our preliminary purchase price allocation, which resulted in a net increase to goodwill of $5.5 million. As of September 30, 2013, the purchase price allocation remains preliminary as we complete our assessment of certain reserves including environmental, legal and tax matters, as well as an assessment of deferred income taxes.

The following table summarizes PolyOne's preliminary fair value estimates as of September 30, 2013:

(In millions)	Preliminary Allocation
Accounts receivable, net	$	139.5
Inventories, net	118.3
Other current assets	17.4
Property, net	280.5
Other non-current assets	20.2
Intangible assets, net	44.6
Goodwill	148.2
Total assets acquired	768.7
Short-term and current portion of long-term debt	0.5
Accounts payable	105.2
Accrued expenses	42.9
Long-term debt	11.0
Other non-current liabilities	98.0
Total liabilities assumed	257.6
Net assets acquired	$	511.1

Goodwill is calculated as the excess of the consideration transferred over the assets acquired, and represents the estimated future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. Goodwill has been allocated, on a preliminary basis, to the Designed Structures and Solutions, Global Color, Additives and Inks, Global Specialty Engineered Materials and Performance Products and Solutions segments. Goodwill recognized as a result of this acquisition is not deductible for tax purposes. SeeNote 4,Goodwill and Intangible Assets for information about goodwill and intangible assets.

The following unaudited pro forma information presents a summary of PolyOne's Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2013 and 2012, which includes Spartech's Statement of Operations for the respective periods, as if the acquisition and related financing occurred on January 1, 2012. Spartech's fiscal year ends on the Saturday closest to October 31, and as a result, the nine months ended September 30, 2012 includes an additional week in comparison to the nine months ended September 30, 2013. The following pro forma financial information is not necessarily indicative of the results of operations as they would have been had the transaction occurred on the assumed date, nor is it necessarily an indication of trends in future results for a number of reasons, including, but not limited to, differences between the assumptions used to prepare the pro forma information, cost savings from operating efficiencies, potential synergies, and the impact of incremental costs incurred in integrating the businesses.

	Three Months Ended September 30,				Nine Months Ended September 30,
(In millions)	Actual 2013		Pro Forma 2012		Pro Forma 2013		Pro Forma 2012
Sales	$	1,008.9	$	989.5	$	3,065.6	$	3,069.7
Net income from continuing operations	$	23.0	$	21.4	$	73.8	$	57.9

The unaudited pro forma financial information presented in the table above has been adjusted to give effect to adjustments that are: (1) directly related to the business combination; (2) factually supportable; and (3) expected to have a continuing impact. These adjustments include, but are not limited to, depreciation and amortization related to fair value adjustments to property, plant and equipment and intangible assets, and interest expense on acquisition-related debt.

Other Acquisitions

On December 19, 2012, PolyOne acquired all of the outstanding equity of Glasforms Inc. (Glasforms), a leading manufacturer of glass and carbon fiber reinforced polymers and advanced composite products, with 2012 annual sales of $51.1 million. The purchase marks PolyOne's entry into advanced composites, an adjacent technology consistent with the Company's strategy of providing specialty solutions that deliver high value to customers. Consideration transferred was $34.3 million, net of cash acquired of $1.2 million. Glasforms results are reflected within our Global Specialty Engineered Materials segment. On a preliminary basis, the acquisition resulted in goodwill of $12.8 million and $10.7 million of identifiable intangible assets. The purchase price allocation will be finalized during 2013 as we complete our assessment of certain reserves and deferred income taxes.  

During the nine months ended September 30, 2013, we incurred $7.2 million of acquisition-related costs primarily associated with the Spartech acquisition, which are included within the Selling and administrative expense line in our Condensed Consolidated Statements of Income.

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Financing Arrangements (Components Of Long-Term Debt) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended				9 Months Ended			9 Months Ended					9 Months Ended					9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012		Sep. 30, 2013 7.500% Debentures Due 2015 [Member] Convertible Debt [Member]	Dec. 31, 2012 7.500% Debentures Due 2015 [Member] Convertible Debt [Member]		Sep. 30, 2013 Senior Secured Term Loan Due 2017 [Member]	Sep. 30, 2013 Senior Secured Term Loan Due 2017 [Member] Senior Notes [Member]	Dec. 31, 2012 Senior Secured Term Loan Due 2017 [Member] Senior Notes [Member]		Sep. 30, 2013 7.375% Senior Notes Due 2020 [Member]	Sep. 30, 2013 7.375% Senior Notes Due 2020 [Member] Senior Notes [Member]	Dec. 31, 2012 7.375% Senior Notes Due 2020 [Member] Senior Notes [Member]		Sep. 30, 2013 Senior Notes Due Two Thousand And Fifteen [Member]	Sep. 30, 2013 Senior Notes Due Two Thousand And Fifteen [Member] Senior Notes [Member]	Sep. 30, 2013 5.250% Senior Notes Due 2023 [Member] Senior Notes [Member]	Feb. 28, 2013 5.250% Senior Notes Due 2023 [Member] Senior Notes [Member]	Dec. 31, 2012 5.250% Senior Notes Due 2023 [Member] Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Repurchase Amount														$ 43.4				$ 1.3
Total long-term debt	987.7		987.7		706.9	[1]	48.7	50.0	[1]		0	294.5	[1]		316.6	360.0	[1]			600.0		0	[1]
Other Long-term Debt	22.4		22.4		2.4	[1]
Long-term Debt, Fair Value	983.7		983.7		741.0
Less current portion	9.9		9.9		3.8	[1]
Total long-term debt, net of current portion	977.8		977.8		703.1	[1]
Interest rate of senior notes, debentures and medium-term notes							7.50%								7.375%				7.50%	5.25%	5.25%
Maturity date of debt instrument							2015				2017				2020					2023
Debt Extinguishment Costs	$ 5.2	$ 0	$ 15.8	$ 0						$ 10.6

[1] Book values include unamortized discounts, as applicable.

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Property, Net (Details) (USD $) In Millions, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Property, gross	$ 1,434.3	$ 1,120.6
Less accumulated depreciation and amortization	(789.9)	(734.8)
Property, net	644.4	385.8
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, gross	52.7	34.7
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, gross	315.0	241.4
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, gross	$ 1,066.6	$ 844.5

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Fair Value (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Carrying Amounts And Fair Values Of Financial Instruments

Financial instruments accounted for at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 are as follows:

	September 30, 2013
(In millions)	Total		Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Unobservable inputs (Level 3)
Cash and cash equivalents	$	322.8	$	322.8	$	—	$	—
Foreign currency forwards	—		—		—		—
Foreign currency options	—		—		—		—

	December 31, 2012
(In millions)	Total		Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Unobservable inputs (Level 3)
Cash and cash equivalents	$	210.0	$	210.0	$	—	$	—
Foreign currency forwards	—		—		—		—
Foreign currency options	0.6		—		0.6		—

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Equity Rollforward (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statement, Equity Component [Line Items]
Net Income (Loss) Attributable to Parent	$ 23.0	$ 24.0	$ 219.2	$ 68.8
Statement, Equity Component [Roll Forward]
Balance at the beginning			631.4	588.3
Net income (loss)	22.8	24.0	218.5	68.8
Translation adjustment	7.7	4.2	(3.0)	(1.2)
Prior service credits recognized during the year, net of tax	0	(2.7)	0	(8.2)
Total comprehensive income	30.5	25.5	215.5	59.4
Cash dividend declared			(16.9)	(13.3)
Total value of PolyOne shares issued	253.8		253.8
Repurchase of common shares			(95.7)	(15.9)
Stock incentive plan activity			8.1	10.8
Noncontrolling interest activity			0.4	2.4
Balance at the ending	996.6	631.7	996.6	631.7
Amortization of prior service costs, tax				3.2
PolyOne Shareholders' Equity [Member]
Statement, Equity Component [Roll Forward]
Balance at the beginning			629.1	588.3
Net income (loss)				68.8
Translation adjustment			(3.0)	(1.2)
Prior service credits recognized during the year, net of tax				(8.2)
Total comprehensive income			216.2	59.4
Cash dividend declared			(16.9)	(13.3)
Total value of PolyOne shares issued	253.8		253.8
Repurchase of common shares			(95.7)	(15.9)
Stock incentive plan activity			8.1	10.8
Noncontrolling interest activity			0	0
Balance at the ending	994.6	629.3	994.6	629.3
Noncontrolling Interests [Member]
Statement, Equity Component [Roll Forward]
Balance at the beginning			2.3	0
Net income (loss)			(0.7)	0
Translation adjustment			0	0
Prior service credits recognized during the year, net of tax				0
Total comprehensive income			(0.7)	0
Cash dividend declared			0	0
Total value of PolyOne shares issued	0		0
Repurchase of common shares			0	0
Stock incentive plan activity			0	0
Noncontrolling interest activity			0.4	2.4
Balance at the ending	$ 2.0	$ 2.4	$ 2.0	$ 2.4

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Fair Value

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value

Note 14 — FAIR VALUE

Fair value is measured based on an exit price, representing the amount that would be received to sell an asset or paid to satisfy a liability in an orderly transaction between market participants. Fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, a fair value hierarchy is established, which categorizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Financial instruments accounted for at fair value on a recurring basis as of September 30, 2013 and December 31, 2012 are as follows:

	September 30, 2013
(In millions)	Total		Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Unobservable inputs (Level 3)
Cash and cash equivalents	$	322.8	$	322.8	$	—	$	—
Foreign currency forwards	—		—		—		—
Foreign currency options	—		—		—		—

	December 31, 2012
(In millions)	Total		Quoted prices in active markets for identical assets (Level 1)		Other observable inputs (Level 2)		Unobservable inputs (Level 3)
Cash and cash equivalents	$	210.0	$	210.0	$	—	$	—
Foreign currency forwards	—		—		—		—
Foreign currency options	0.6		—		0.6		—

The fair value of derivative instruments is determined using widely accepted valuation techniques including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and spot and forward foreign currency rates as well as option volatility and non-performance risk.

Other Fair Value Measurements

The estimated fair value of PolyOne’s debt instruments at September 30, 2013 and December 31, 2012 was $983.7 million and $741.0 million, respectively, compared to carrying values of $987.7 million and $706.9 million as of September 30, 2013 and December 31, 2012, respectively. The fair value of PolyOne’s debt instruments primarily represent Level 1 measurements within the fair value hierarchy.

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Employee Benefit Plans

9 Months Ended

Sep. 30, 2013

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Employee Benefit Plans

Note 10 — EMPLOYEE BENEFIT PLANS

Components of defined benefit pension plan (gains) costs are as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In millions)	2013			2012			2013			2012
Service cost	$	0.4		$	0.3		$	1.2		$	1.1
Interest cost	5.9			6.7			17.7			20.1
Expected return on plan assets	(9.3		)	(6.9		)	(27.9		)	(20.7		)
Net periodic benefit (gains) costs	$	(3.0	)	$	0.1		$	(9.0	)	$	0.5

Components of post-retirement health care plan benefit costs (gains) are as follows:

	Three Months Ended September 30,					Nine Months Ended September 30,
(In millions)	2013		2012			2013		2012
Interest cost	$	0.2	$	0.2		$	0.6	$	0.7
Amortization of prior service costs	—		(4.4		)	—		(13.1		)
Net periodic benefit costs (gains)	$	0.2	$	(4.2	)	$	0.6	$	(12.4	)

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Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2013

Accounting Policies [Abstract]

Basis of Presentation

Note 1 — BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with Form 10-Q instructions and in the opinion of management contain all adjustments, consisting of normal recurring accruals, necessary to present fairly the financial position, results of operations and cash flows for the periods presented. The preparation of financial statements in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. These interim financial statements should be read in conjunction with the financial statements and accompanying notes included in the annual report on Form 10-K for the year ended December 31, 2012 of PolyOne Corporation, as updated by PolyOne's current report on Form 8-K filed August 23, 2013. Throughout this document prior period amounts have been referred to as "adjusted", which accounts for the Resin Business being classified as a discontinued operation as well as the re-organization of segment information, as discussed below.

Operating results for the three and nine months ended September 30, 2013 are not necessarily indicative of the results that may be attained in subsequent periods, or for the year ending December 31, 2013.

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Derivative Instruments

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments

Note 15 — DERIVATIVE INSTRUMENTS

When translating results from foreign operations into U.S. dollars, we are subject to foreign exchange related risks in our operating results. We are also exposed to foreign exchange risk arising from intercompany lending transactions denominated in various foreign currencies that are subject to foreign exchange rate movement over the term of the loans. To mitigate these risks, we enter into foreign exchange option and forward contracts. The counterparties to these instruments are financial institutions with strong credit ratings. PolyOne maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit ratings of these institutions.

Derivative financial instruments are accounted for at fair value and recognized as assets or liabilities in the Condensed Consolidated Balance Sheets. These instruments are not designated as a hedge, and therefore, any gain or loss is immediately recognized in income.

The fair value of derivative financial instruments recorded in the Condensed Consolidated Balance Sheets are as follows:

	September 30, 2013
(In millions)	Notional		Other current assets
Foreign currency options	$	6.8	$	—
Foreign currency forwards	13.0		—
Total			$	—

	December 31, 2012
(In millions)	Notional		Other current assets
Foreign currency options	$	31.2	$	0.6
Foreign currency forwards	13.8		—
Total			$	0.6

The effects of derivative instruments on our Condensed Consolidated Statements of Income are as follows:

	Three Months Ended September 30,
(In millions)	2013			2012			Location
Foreign currency options losses	$	(0.2	)	$	(0.7	)	Selling and administrative expense
Foreign currency forwards losses	(0.5		)	(0.2		)	Other expense, net

	Nine Months Ended September 30,
(In millions)	2013			2012			Location
Foreign currency options losses	$	(0.4	)	$	(0.6	)	Selling and administrative expense
Foreign currency forwards - gains	0.1			—			Other expense, net

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Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 10, 2013
Document And Entity Information [Abstract]
Entity Registrant Name	POLYONE CORP
Entity Central Index Key	0001122976
Document Type	10-Q
Document Period End Date	Sep. 30, 2013
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		96,240,833

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Equity

9 Months Ended

Sep. 30, 2013

Equity [Abstract]

Equity

Note 16 — EQUITY

Changes in equity for the nine months ended September 30, 2013 and September 30, 2012 are as follows:

(In millions)	PolyOne Shareholders' Equity			Noncontrolling Interests			Total Equity
Balance at December 31, 2012	$	629.1		$	2.3		$	631.4
Net income	219.2			(0.7		)	218.5
Other comprehensive income
Translation adjustment	(3.0		)	—			(3.0		)
Total comprehensive income	216.2			(0.7		)	215.5
Cash dividend declared	(16.9		)	—			(16.9		)
Issuance of common shares in connection to the Spartech acquisition	253.8			—			253.8
Repurchase of common shares	(95.7		)	—			(95.7		)
Stock incentive plan activity	8.1			—			8.1
Noncontrolling interest activity	—			0.4			0.4
Balance at September 30, 2013	$	994.6		$	2.0		$	996.6
Balance at December 31, 2011	$	588.3		$	—		$	588.3
Net income	68.8			—			68.8
Other comprehensive income
Translation adjustment	(1.2		)	—			(1.2		)
Amortization of prior service credits, net of $4.9 tax	(8.2		)	—			(8.2		)
Total comprehensive income	59.4			—			59.4
Cash dividend declared	(13.3		)	—			(13.3		)
Repurchase of common shares	(15.9		)	—			(15.9		)
Stock incentive plan activity	10.8			—			10.8
Noncontrolling interest activity	—			2.4			2.4
Balance at September 30, 2012	$	629.3		$	2.4		$	631.7

On October 23, 2012, PolyOne's Board of Directors further increased the common stock repurchase authorization amount by 13.2 million shares of common stock to 20.0 million. During 2013, we repurchased approximately 3.8 million shares of common stock at an aggregate price of $95.7 million. As of September 30, 2013, there were approximately 16.2 million shares available for repurchase under these authorizations.

Effective January 1, 2013, the Company adopted recently issued accounting guidance that requires the Company to separately disclose, on a prospective basis, the change in each component of other comprehensive income (loss) relating to reclassification adjustments to current period other comprehensive income (loss). As the new guidance relates to presentation only, the adoption did not have a material impact on the Company's results of operations, financial position or cash flows. Further, for the nine-month period ended September 30, 2013, there were no reclassifications from accumulated other comprehensive loss to other comprehensive income.

Changes in accumulated other comprehensive loss year-to-date as of September 30, 2013 and 2012 were as follows:

(In millions)	Cumulative Translation Adjustment			Pension and Other Post-Retirement Benefits			Unrealized Gain in Available-for-Sale Securities		Total
Balance at January 1, 2013	$	(16.5	)	$	5.2		$	0.2	$	(11.1	)
Translation adjustments	(3.0		)	—			—		(3.0		)
Balance at September 30, 2013	$	(19.5	)	$	5.2		$	0.2	$	(14.1	)
Balance at January 1, 2012	$	(17.6	)	$	16.1		$	0.2	$	(1.3	)
Translation adjustments	(1.2		)	—			—		(1.2		)
Prior service credits recognized during the year, net of tax of $4.9	—			(8.2		)	—		(8.2		)
Balance at September 30, 2012	$	(18.8	)	$	7.9		$	0.2	$	(10.7	)

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Rollforward of Accumulated Other Comprehensive Income (Loss) (Details) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Cumulative Translation Adjustment, Balance at beginning of period			$ (16.5)	$ (17.6)
Translation adjustments			(3.0)	(1.2)
Cumulative Translation Adjustment, Balance at end of period	(19.5)	(18.8)	(19.5)	(18.8)
Pension and Other Post-Retirement Benefits, Balance at beginning of period			5.2	16.1
Prior service credits recognized during the year, net of tax $4.9 tax	0	(2.7)	0	(8.2)
Pension and Other Post-Retirement Benefits, Balance at end of period	5.2	7.9	5.2	7.9
Unrealized Gain in Available-for-Sale Securities, Balance at beginning of period			0.2	0.2
Unrealized Gain in Available-for-Sale Securities, Balance at end of period	0.2	0.2	0.2	0.2
Total, Balance at beginning of period			(11.1)	(1.3)
Total, Balance at end of period	$ (14.1)	$ (10.7)	$ (14.1)	$ (10.7)

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Equity Narrative (Details) (USD $) In Millions, except Share data, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Oct. 23, 2012
Equity [Abstract]
Increase in common share repurchase authorization			13,200,000
Remaining number of shares authorized to be repurchased	16,200,000		20,000,000
Stock repurchased during period	3,800,000
Payments for repurchase of common stock	$ 95.7	$ 15.9